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Cyprus’ banks to remain closed until Thursday

March 26, 2013 • Business


A man passes a sprayed entrance of a store that buys gold which reads in Greek ” thieves” in capital Nicosia, Cyprus, Monday, March 25, 2013. Cyprus secured what its politicians described as a “painful” solution to avert imminent bankruptcy, agreeing early Monday to slash its oversize banking sector and make large account holders take losses to help pay to secure a last-minute euro10 billion (US$13 billion) bailout. (AP Photo/Petros Giannakouris)

NICOSIA, Cyprus (AP) — Cyprus ordered banks to remain closed for two more days over fears of a run by customers trying to get their money out, after striking a pre-dawn bailout deal Monday that averted the country’s imminent bankruptcy.

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