Cyprus to take up to 40% out of large account holders.
 

OUCH!

"Cyprus clinched a last-minute solution to avert imminent financial meltdown early Monday after it agreed to slash its oversized banking sector and use funds raised by seizing bank assets from large deposit holders -- which in some cases could amount to 40 percent -- in troubled banks to secure a 10 billion euro ($13 billion) bailout."

http://www.foxnews.com/world/2013/03...#ixzz2OYvkyOzm

Might even be more than 40% in some cases, according to what I heard.