How likely is it that BitStamp's bank (UniCredit) could implode from debt problems among Slovenian banks, al la Cyprus banking industry implosion? There were more than a few articles in the financial press about Slovenia being next in line.
For example:
http://www.financialmirror.com/news-details.php?nid=29485SLOVENIA WORRIES GROW
Pledges of liquidity from the European Central Bank (ECB) have supported European equity markets over the last year, with the FTSEurofirst 300 up some 5 percent since the start of 2013.
But the troubles in Cyprus have highlighted how far the region's sovereign debt crisis may still have to run. Bad loans in Slovenia's banking sector also suggest it may be the next country to need a bailout, although Eurogroup chief Jeroen Dijsselbloem said the country was not on the agenda for Friday's meeting.
"There is zero confidence in the EU finance ministers to come up with the correct solution. Is Cyprus a worry? Yes, but it's less of a worry than the fact that we may see another crazy course of action from the EU finance ministers," said Toby Campbell-Gray, head of trading at Tavira Securities.
The festering uncertainty over the euro zone's economy caused the STOXX Europe 600 Banking Index to fall 1.8 percent to make it the worst-performing equity sector.
The STOXX Europe 600 Insurance Index also fell 0.8 percent, as reinsurer Swiss Re dropped 7.7 percent, although traders said this was mainly down to the fact that Swiss Re went ex-dividend on Friday, after which investors will no longer qualify for its latest dividend payout.
Have you seriously looked into the financial stability of UniCredit Slovenia? I'm quite curious about this. If things go the wrong way, it could break BitStamp which in my opinion is one of the few remaining BTC exchanges that is worthy of my deposits.