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  • A plan to tax bank savers in Cyprus questions the "sanctity of bank deposits in Europe," says Pimco Co-CIO Mohamed El-Erian.

  • Cyprus Can't Put 'Genie Back in the Bottle': O'Neill Monday, 18 Mar 2013 | 7:19 AM ET
    Jim O'Neill

    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."

  • Cyprus President Is a 'Fool:' Gartman Monday, 18 Mar 2013 | 7:04 AM ET

    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".

  • CNBC's Kelly Evans reports euro zone concerns have resurfaced on news of a proposal that would tax depositors.

  • Standard and Poor's sees a high risk that Spain, Italy, Portugal and France will not be able to carry through necessary reforms as the unemployed become less willing to put up with austerity, S&P's Germany head Torsten Hinrichs told a newspaper.

  • Cyprus Bailout Risks Euro Weakness Ahead     Monday, 18 Mar 2013 | 6:10 AM ET

    The euro zone's proposal that bank depositors in Cyprus contribute toward a bailout has dampened risk appetite for many investors. CNBC's Julia Chatterly, Carolin Roth, and Michelle Caruso-Cabrera report all the detail on how this newest development will impact global investors.

  • Cyprus Economy Could Contract by 15%: Nomura Monday, 18 Mar 2013 | 6:02 AM ET
    Kakopetria in Solea Valley, Trodos, Cyprus

    The decision to force bank depositors in Cyprus to contribute towards a euro zone bailout could mean the country's economy could shrink by 15 percent over the next two years, investment bank Nomura said.

  • Carlo Bozotti, chief executive officer of STMicroelectronics

    STMicroelectronics and Ericsson will close their loss-making mobile chip joint venture ST-Ericsson by dividing parts of the business between them and shutting the rest with the loss of about 1,600 jobs.

  • 'Unfair, Dangerous' Cyprus Deal Whacks Rich Russians Monday, 18 Mar 2013 | 4:17 AM ET
    A car drives past a billboard promoting a Russian bank on a main road in the southern Cypriot port of Limassol.

    As the Cypriot parliament decides on a deposit levy, the shadow of Russian money in the island looms large.

  • European Markets Open Sharply down     Monday, 18 Mar 2013 | 4:00 AM ET

    European Markets Open Sharply down.

  • No Panic in Markets Yet: Broker     Monday, 18 Mar 2013 | 2:30 AM ET

    Chris Weston, institutional dealer at IG Markets, says there have been a lot of sell orders but he hasn't seen a panic yet on Cyprus's deposit levy.

  • Cyprus Levy a Farce     Monday, 18 Mar 2013 | 1:50 AM ET

    Clem Chambers, CEO at ADVFN says the levy on Cyprus banks is unprecedented and signals your money isn't safe. He also says that EU, ECB and IMF have torn up the rule book and they can do it again.

  • Downside Risk for the Euro     Monday, 18 Mar 2013 | 1:22 AM ET

    Adarsh Sinha, Head of Asia Pacific G10 FX Strategy at BofA Merrill Lynch Global Research says the Cyprus bailout offer of levying bank deposits came as a surprise and he's bearish on the euro-dollar.

  • Cyprus a Special Case in Many Ways     Monday, 18 Mar 2013 | 1:05 AM ET

    Mikio Kumada, Executive Director & Global Strategist at LGT Capital Partners says the Cypriot banks are funded by a huge deposit base and the levies are a one off event.

  • Cyprus Finance Minister: Levy Was Best Option     Sunday, 17 Mar 2013 | 10:03 PM ET

    Cyprus' finance minister, Michael Sarris, tells CNBC why he defends the controversial tax on bank deposits.

  • Take Advantage of GBP Weakness: Analyst     Sunday, 17 Mar 2013 | 8:48 PM ET

    Kelvin Tay, Regional CIO at UBS Wealth Management, gives advice following the controversial bank bailout news from Cyprus.

  • Enhanced US Ties Could Help Cyprus Banks     Sunday, 17 Mar 2013 | 8:33 PM ET

    Susan Schwab, currently a member of the Governing Board at the LKY School of Public Policy, gives her initial reaction to the news from Cyprus from the perspective of a former U.S. trade negotiator.

  • Can Cyprus' Crisis Be Contained?     Sunday, 17 Mar 2013 | 8:20 PM ET

    Gregorio Saichin, Head of Emerging Markets & High Yield Fixed Income Funds at Pioneer Investments, explains how the situation in Cyprus will play out in the sovereign bond markets in the long-term.

  • Will More EU Nations Follow Cyprus' Path?     Sunday, 17 Mar 2013 | 6:30 PM ET

    Richard Jerram, Chief Economist at Bank of Singapore discusses the threat of other debt-riddled nations following Cyprus' unusual bailout proposal.

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