The euro zone does not intend to change the terms of Cyprus’s bailout as requested by Cypriot president Nicos Anastasiades in a letter sent to euro zo(...)

Bank of England governor Mervyn King at the opening of the Prudential Regulation Authority. Photograph: Lefteris Pitarakis/Reuters

RIP the FSA – and welcome the PRA, the FPC and the FCA. As if the City of London’s regulatory regime weren’t complicated enough, a new set of a(...)

Cyprus Central Bank Governor Panicos Demetriades (L) and Cypriot Finance Minister Michael Sarris listen to reporters' questions during a news conference. Photograph: Yannis Behrakis/Reuters

Substantial savers in the Bank of Cyprus, the island’s largest, have lost access to 100 per cent of their deposits, giving rise to fears that t(...)

Cypriot president Nicos Anastasiades addresses the nation with a televised speech from the presidential palace in Nicosia in the wake of the bailout earlier this week. Photograph: Petros Karadjias/Reuters

Big depositors in Cyprus's largest bank stand to lose far more than initially feared under a European Union rescue package to save the island f(...)

A European Union flag ablaze during an anti-bailout rally outside the presidential palace in Nicosia yesterday. Photograph: Yannis Behrakis/Reuters

Cyprus yesterday unveiled radical capital-control measures ahead of banks re-opening tod(...)

Students take part in an anti-Troika protest outside the Presidencial palace in Nicosia. Photograph: Yannis Behrakis/Reuters

The chairman of Cyprus's biggest commerical bank, the Bank of Cyprus , has submitted his resignation following the bailout deal, a source at th(...)

A sign in a Nicosia shop window yesterday informs shoppers that only cash will be accepted. Some analysts have suggested Cyprus’s GDP could fall by 20 per cent over the next few years as a result of the bank restructuring plan. Photograph: Milos Bicanski/Getty Images

Ten days after a rescue package was first proposed for Cyprus, the group of lenders involving the Eu ropean Union and the International Monetar(...)

Euro group president Jeroen Dijsselbloem issued a statement yesterday evening after his comments on euro-zone banking policy caused market turbulence. Photograph: Reuters

Euro group president Jeroen Dijsselbloem was forced to issue a statement yesterday evening after comments he made about a change in euro-zone b(...)

(L-R) International Monetary Fund executive director Christine Lagarde, Eurogroup president Jeroen Dijsselbloem and European Economic and Monetary Affairs Commissioner Olli Rehn attend a news conference at the end of a Eurogroup meeting at the European Council building in Brussels. Photograph: Sebastien Pirlet/Reuters

Cyprus clinched a last-ditch deal with international lenders today for a €10 billion bailout that will shut down its second largest bank and in(...)

International Monetary Fund (IMF) executive director Christine Lagarde said the deal was a ’durable’ solution. Photograph: Sebastien Pirlet /Reuters

Cyprus is introducing "very temporary" restrictions on capital flows when banks reopen this week, the island's president has said, seeking to r(...)