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Cyprus Bailout

Cyprus Bailout

A man uses an ATM machine of the Bank Of Cyprus
A man uses an ATM machine of the Bank Of Cyprus (Milos Bicanski/Getty Images)
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Bank of Cyprus Big Savers To Lose Up To 60%

A Central Bank official and a senior Finance Ministry technocrat says that Bank of Cyprus savers with over 100,000 euros could take losses of up to 60 percent.

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Category: TS nat, TS net Tags: ,
A man uses an ATM machine of the Bank Of Cyprus
A man uses an ATM machine of the Bank Of Cyprus (Milos Bicanski/Getty Images)
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Cyprus Secures Bailout, Avoids Bankruptcy

Cyprus has secured a 10 billion euro ($13 billion) package of rescue loans in tense, last-ditch negotiations.

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Category: TS nat, TS net Tags: ,
Cyprus (Flickr Photo by CyprusPictures)
Cyprus (Flickr Photo by CyprusPictures)
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Business Grinds to a Halt in Cyprus due to Bank Closures

NICOSIA, Cyprus — At Jenny Dobreva's a convenience store, a customer comes up to get a lighter. She apologetically turns him away. It's not because he doesn't have enough money — it's because she doesn't have enough change.

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cash
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Cyprus Tries to Alleviate Pain from Bank Deposit Raid

Cypriot government officials sought Tuesday to alleviate the pain on small savers from a plan to raid bank deposits that has caused outrage in the country and sent jitters through European financial markets.

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(Getty Images)
(Getty Images)
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Wall Street Stocks Fall on Cyprus Bailout

Stocks fell in early trading on Wall Street on concern that the terms of a proposed bank bailout for the Mediterranean island nation of Cyprus could cause the euro crisis to flare up again.

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