Cyprus Bailout

Why the Cyprus bailout could trigger a disastrous run on banks

If Europe suddenly experience a good old-fashioned bank run. That could be a disaster for Europe and its trading partners. It wouldn't be good at all for the Indian economy.

Extra security, limits on transfers as Cyprus banks prepare to reopen

New controls will include restrictions on large-scale transfers from the country's two largest and most troubled lenders, Bank of Cyprus and Laiki.