bank of cyprus

Bank Shutdown Hammers Cyprus' Businesses

Banks across Cyprus remain locked Tuesday after financial authorities extended the country's bank closure, fearing worried depositors will rush to drain their accounts.

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.