Cyprus rejects bank levy, bailout in doubt

Cypriots protest against EU bailout and plans for a levy on bank deposits

LONDON (CNNMoney) Lawmakers in Cyprus have rejected government plans to impose an unprecedented tax on bank deposits, throwing into doubt a

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Cyprus buys time to pursue bailout options

CNNMoney March 20, 2013: 2:49 PM ET LONDON (CNNMoney) Banks in Cyprus will remain shut until early next week to prevent a catastrophic flight of capital after efforts by its leaders and European officials to come to terms on a bailout made little progress Wednesday.

The Cypriot parliament blocked a

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