Saturday 30 March 2013

Top NBCNews headlines: Big depositors in Cyprus could lose up to 60 percent of savings

Top NBCNews headlines
Top NBCNews headlines
Big depositors in Cyprus could lose up to 60 percent of savings
Mar 31st 2013, 03:21

Initial signs that big depositors in Bank of Cyprus would take a hit of 30 to 40 percent - the first time the euro zone has made bank customers contribute to a bailout - had already unnerved investors in European lenders this week. But the official decree published on Saturday confirmed a Reuters report a day earlier that the bank would give depositors shares worth just 37.5 percent of savin...

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