Bank of Cyprus’s Customers May Lose as Much as 60% on Deposits

Cyprus may imposes losses of as much as 60 percent on Bank of Cyprus Plc accounts exceeding 100,000 euros ($128,000) as part of an aid deal to stop the country from going bankrupt. Customers will have 37.5 percent of their deposits above this amount converted into shares with full voting rights …

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Bank of Cyprus’s Customers May Lose as Much as 60% on Deposits

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