Saturday, March 30, 2013

Bank of Cyprus depositors could lose up to 60% of their savings

Cypriot finance officials say initial losses will be 37.5%, but up to 22.5% more could be taken if bank needs further capitalisation

guardian.co.uk

"Savers with the Bank of Cyprus could lose up to 60% of their savings according to officials from the central bank and the finance ministry......."

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