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Greece seeks buyers for local units of Cypriot banks

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Greek Finance Minister Yannis Stournaras is seen in his office in Syntagma square in AthensATHENS (Reuters) - Athens has started exploring local lenders' interest in taking over the Greek units of Cypriot banks, as part of the island's international bailout agreed earlier on Saturday, Greece's finance minister said. Cypriot banks will receive the bulk of the 10 billion euros $13 billion (8.6 billion pounds) that Nicosia will get from euro zone countries to stave off bankruptcy. Unlike in previous bailouts for other nations, the rescue package is co-funded by levies on bank deposits. ...



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