Cyprus reopens banks after bailout
Cypriot banks reopened Thursday morning with tight controls imposed on transactions to prevent a run on deposits after the government [...]
Cyprus deal reached at last minute
Cyprus clinched a last-ditch deal with international lenders to shut down its second-largest bank and inflict heavy losses on uninsured [...]
Cyprus in last ditch EU talks to save economy
Cypriot President Nicos Anastasiades held last-minute talks with international lenders on Sunday in an attempt to save the Mediterranean island from financial meltdown.
Cyprus works on last-minute deal to soften bank levy
Cyprus was working on a last-minute proposal to soften the impact on smaller savers of a bank deposit levy after a parliamentary vote on the measure central to a bailout was postponed until Monday, a source said.
Cyprus’ savers bear brunt of unprecedented bailout
The euro zone struck a deal on Saturday to hand Cyprus a bailout worth 10 billion euros ($13 billion), but demanded depositors in its banks forfeit some money to stave off bankruptcy despite the risks of a wider run on savings.