Bank of Cyprus savers could lose up to 60% | Bangkok Post: news

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Bank of Cyprus savers could lose up to 60%

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Big savers in Cyprus's largest bank face losses of up to 60 percent, far greater than originally feared under the island's controversial EU-led bailout plan, officials said on Saturday. 

People queue up outside a branch of the Cyprus Popular Bank, Laiki, in Nicosia, on March 29, 2013. Big savers in Cyprus's largest bank face losses of up to 60 percent, far greater than originally feared under the island's controversial EU-led bailout plan, officials said on Saturday.

Cyprus meanwhile launched an investigation into a list published in Greek newspapers of Cypriot politicians who allegedly had loans written off by two banks at the heart of the financial meltdown.

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