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MAR 28, 2013 - The Guardian

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Cyprus banks to reopen – but stock exchange will remain closed

Little sign of queues as bank staff turn up for work early in Nicosia and cash is delivered under heavy securityCyprus will reopen its banks on Thursday, with strict controls to stop people cleaning out their savings in a catastrophic bank run.However, less than an hour before it was due to open for the first time in almost two weeks, the Cyprus stock exchange said it would remain closed for the day.The country had feared a stampede on the banks after a 12-day hiatus, as the government negotiated a €10bn (£8.4bn) bailout package to avoid financial collapse. But there was little sign of ... Read More

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