Bank of Cyprus big savers to lose up to 60 percent

Big depositors at Cyprus' largest bank may be forced to accept losses of up to 60 percent, far more than initially estimated under the European rescue package to save the country from bankruptcy, officials said Saturday.

http://www.sfgate.com/news/world/article/Bank-of-Cyprus-big-savers-to-lose-up-to-60-percent-4396581.php