That said, Barclays Capital analysts in London said in a note to clients on Monday that they saw a strong trend tendency in portfolio flows, warning of more outflows given the current high level of investor uncertainty surrounding the euro zone.
He said he had received information about individuals and businesses moving money out of Cyprus weeks ahead of the bailout deal a move that wouldn't be illegal but could imply that some depositors had warning that negotiations for a bailout could, for the first time in the financial crisis that has rattled the euro zone, take a cut out of regular bank deposits.