Laiki Bank

Cyprus Deal Could Bring U.S. Market Rally

The last-ditch effort to save the banking system in Cyprus should bring a rally when U.S. stock markets open on Monday, according to several investment managers.

Cyprus Secures Bailout, Avoids Bankruptcy

Cyprus secured a package of rescue loans in last-ditch negotiations early Monday, two EU diplomats said, saving the country from a banking system collapse and bankruptcy.