NEW YORK ( Reuters Blogs) -- This was not a good weekend for Russian billionaires. First, Boris Berezovsky was found dead at his English country estate. Now, all the uninsured depositors (read: Russian plutocrats) at Cyprus' two largest banks are going to be hit much, much harder than they feared they might be when the Cyprus crisis first erupted last week.Back then -- a long, long week ago -- Cypriot President Nicos Anastasiades stood firm: There was no way he would allow uninsured depositors to lose more than 10% of their money. What a difference a week makes: Now, if your uninsured deposits are at the Bank of Cyprus, you're probably going to lose about 40% And if they're at Laiki, you're going to lose everything.
Salmon: Cyprus, It's Not Over Yet
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