You're always smarter afterwards.
If investors had known beforehand that Russian President Putin would instigate a war in 2022 that would bring not only the many human tragedies but also such devastating economic consequences, they would certainly not have parked their money at the Russian Sberbank.
In times when interest rates have been abolished, investors can hardly be accused of looking for mini-yields in the local banking landscape.
They found it at Sberbank Europe, based in Vienna.
Interest rates just above zero percent sod really don't equate to greed.
It is part of the desired competition that customers invest their money where they want it - with all the risks that this entails.
These include the fact that the deposit guarantee in the case of Sberbank Europe only applies up to an amount of 100,000 euros.
The majority of customers should be able to get their money quickly and easily.
Complaints from those invested above the 100,000 threshold are misplaced as the conditions are known.
The displeasure of small print in bank documents is understandable, but you will certainly find what you are looking for on the conditions there.
In addition, Sberbank Europe is not a precedent.
A few years ago, the Icelandic Kaupthing Bank made a name for itself, but unfortunately it didn't keep its promises either.
Investing never comes with comprehensive insurance.