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Treasury Secretary Lew has been speaking with European counterparts, reports CNBC's Eamon Javers.
The euro is sliding on the Cyprus news, and the government of Cyprus hasn't even voted to approve the package yet. Andrew Busch, Andrewbusch.com, weighs in.
CNBC's Steve Liesman, Michelle Caruso-Cabrera and Robert Frank are on the latest news surrounding the Cyprus bailout.
Eugen Weinberg, head of commodity research at Commerzbank, tells CNBC why he expects gold to stabilize, benefiting from uncertainty over Cyprus savings.
Guillermo Felices, head of European currency strategy at Barclays Capital, tells CNBC why he's bullish on the dollar and on US markets, which will outperform the rest of the world over the next year.
Mike Reed, partner and senior portfolio manager at Bluebay Global Convertible Bond Fund, tells CNBC that the fact depositors have been hit first and hardest in Cyprus should encourage investors to get out of deposits.
CNBC's Simon Hobbs reports European stocks were able to recover some of their earlier losses after falling on Cyprus bailout news.
It's quite likely that senior bank debt holders in non-viable banks in Cyprus will likely take losses, reports CNBC's Michelle Caruso-Cabrera.
Liza Ermolenko, emerging markets economist at Capital Markets, tells CNBC why Cyprus' travails are unlikely to have too much of an effect on the Russian economy, although it might startle Russian investors out of the country.
Sharon Bowles, British Liberal MEP, tells CNBC why the Cypriot bailout terms are a breach of European directive and single-market principles
David Nowakowski, senior director of research at Roubini Global Economics and Gabriel Stein, MD of Stein Brothers discuss on CNBC how serious the situation in Cyprus is for the future of the euro zone.
British expats in Cyprus have reacted angrily at proposals to force depositors to share in the bailout costs for Cyprus banks.
PSA Peugeot Citroen won the support of a majority of workers' representatives for restructuring and job cuts designed to halt mounting losses at the French carmaker, three union officials said.
The European Union's markets watchdog has criticized the world's top three credit ratings agencies for a lack of transparency over how they evaluate banks and demanded more robust internal reviews of their methods.
Cyprus may propose a tax-free threshold or a lower tax rate for smaller depositors, media reports said Monday.
A plan to tax bank savers in Cyprus questions the "sanctity of bank deposits in Europe," says Pimco Co-CIO Mohamed El-Erian.
The Cyprus news of a savers' haircut is surprising even given the ongoing European debt crisis, Jim O'Neill, chairman of Goldman Sachs Asset Management, told CNBC.
Jane Buchan, CEO, Pacific Alternative Asset Management Company CEO, discusses why she believes European equities are a "stock-pickers delight."
Proposals to force depositors in Cyprus to contribute towards a euro zone bailout has shaken the very nature of banking to its roots, according to Dennis Gartman, editor of "The Gartman Letter", who has labeled Cyprus's recently elected President Nicos Anastasiades a "fool".
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Jan Dunning, CEO of St Petersburg-headquartered hypermarket chain Lenta, says the situation in Ukraine has had no impact on the group, as consumer confidence remains unaffected in Russia.
Vincent Deluard, European strategist at Ned Davis Research Group, says the strong euro is a problem for the region's companies, especially for the large exporters.
European shares closed higher on Thursday as investors brushed aside concerns regarding Ukraine and focused instead on Wall Street earnings and the latest U.S. jobs data.