NICOSIA (Reuters) - Cypriot lender Bank of Cyprus said on Sunday it had carried out a conversion of uninsured cash deposits in the bank into equity, one of the conditions of international lenders to offer the cash-starved island financial aid. The process, known as a 'bail-in', made depositors in the bank pay for its recapitalization, after the institution was hit by massive losses from its exposure to debt-crippled Greece. Bank of Cyprus, the island's largest bank, said it had converted 37.5 percent of deposits exceeding 100,000 euros into "class A" shares, with an additional 22. ...
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