It’s really interesting to observe how the world keeps changing in many ways. In our corporation & banking sector the changes have been tremendous! One of our bank we work with, they send us an alert about some changes in Cyprus banking industry. Be aware that this might be an opinion of competition however the changes are there!
I wanted to give you a quick update on what are seeing out of the major Cyprus banks. Despite news updates to the contrary, wires of up to $50,000 per day are leaving the country. If you still have clients in Cyprus who are looking to exit, this would be an excellent time to inform them of this window of opportunity as we don’t believe many investors are aware of this fact. If you have no clients or exposure there there, hopefully this email was still informative.
Please let me know if you have any questions about this information.