Bank Of Cyprus Depositors May Lose 60%

The government of Cyprus may force customers of the Bank of Cyprus with more than EUR100,000 ($128,140) in their accounts to take losses of up to 60% of their deposits as part of the agreement that brings aid to the banking sector.

  • 02 Apr 2013

The government of Cyprus may force customers of the Bank of Cyprus with more than EUR100,000 ($128,140) in their accounts to take losses of up to 60% of their deposits as part of the agreement that brings aid to the banking sector.

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