Deposit Levy

More details of the Cyprus bank bail-in were released early Monday and showed that the largest depositors in Cypriot banks are set to lose an astonishing 8.3 billion euros as part of the deposit levies. In total, depositors will lose a reported 10.6 billion euros, meaning small depositors,...

Investors fretting about Cyprus may be getting the wrong impression from the massive fears emanating from the small island in the middle of the Mediterranean. For reference, Cyprus is an island about the size of Rhode Island in the eastern Mediterranean Sea, about 600 miles from Athens, the...