Timothy Sumer

CNN's Richard Quest explains why Cyrpus' banking sector is unlike any other in the region.... ( read more ) LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing The Cyprus bank bailout was a major event in the European Union's economic history. In 2013, the small Mediterranean island nation of Cyprus faced a financial crisis as its banks suffered from a series of bad investments and a shrinking economy. The banks were unable to meet their obligations, leading to a dramatic, multi-billion euro bailout. What led to this crisis, and why did the EU feel it necessary to step in and assist Cyprus? The Cyprus bank bailout was necessitated by a number of factors. First and foremost was the overheating of the Cypriot economy in the years leading up to the crisis. Following its accession to the European Union in 2004, Cyprus experienced a per

CNN's Jessica Yellin explains the details of the bank bailout fund.... ( read more ) LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Bank bailout explained in English A bank bailout is a financial rescue package provided by the government to ailing banks or financial institutions during times of economic distress. The reasons for a bank bailout may vary, but the most common one is a financial crisis that results in a bank's inability to meet its financial obligations, including paying back loans and depositors' funds. In such cases, a bank bailout is seen as necessary to prevent a complete collapse of the financial system, which could have disastrous consequences for the wider economy. A bank bailout can take various forms, but the most common ones include injecting cash, providing loan guarantees, purchasing shares, or taki

Jordan Belfort says he feels awful about what happened to his victims and that's why he works daily to right his wrongs. More from CNN at To license video from CNN/HLN go to CNNImagesource.com or e-mail: cnn.imagesource@turner.com... ( read more ) LEARN MORE ABOUT: Retirement Planning REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Jordan Belfort is an American motivational speaker, author, and former stockbroker. He is best known for his memoir, The Wolf of Wall Street, which was adapted into a major motion picture in 2013. Belfort was born in 1962 in Queens, New York, and grew up in a middle-class family. He attended American University and graduated in 1986 with a degree in biology and chemistry. He then went on to become a stockbroker. In the late 1980s, Belfort founded the brokerage firm Stratton Oakmont. The firm quickly grew to become one of the most succes