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Saturday, June 1, 2013

Cypriot Banks Lose $13M in Two Months

(AP Photo/Philippos Christou) Workers take down the insignia from the headquarters of Cyprus' now defunct second-largest bank Laiki in capital Nicosia, Cyprus, May 15, 2013. Laiki bank, which took huge losses from Greece's debt restructuring, is being wound down and folded into Cyprus' largest lender, Bank of Cyprus during a deep fiscal crisis. NICOSIA, Cyprus (AP) -- Deposits in ...

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