Last-minute Cyprus deal to close bank, force losses

Cyprus clinched a last-ditch deal with international lenders to shut down its second-largest bank and inflict heavy losses on uninsured depositors, including wealthy Russians, in return for a 10 billion euro (8 billion pounds) bailout. The agreement came hours before a deadline to avert a collap…

Read the original here: 
Last-minute Cyprus deal to close bank, force losses