Bank of Cyprus' Big Savers to Lose up to 60%

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

http://www.thestreet.com/story/11883659/1/bank-of-cyprus-big-savers-to-lose-up-to-60-percent.html