U.S. stock futures drop as Cyprus bank levy renews euro concern

A PEDESTRIAN carries an umbrella to shield herself from the sun, as she passes the entrance to the Central Bank of Cyprus, in Nicosia, Cyprus. Europe braced for renewed turmoil as outrage in Cyprus over an unprecedented levy on bank deposits threatened to derail the nation's bailout. / BLOOMBERG NEWS FILE PHOTO/CHRIS RATCLIFFE
A PEDESTRIAN carries an umbrella to shield herself from the sun, as she passes the entrance to the Central Bank of Cyprus, in Nicosia, Cyprus. Europe braced for renewed turmoil as outrage in Cyprus over an unprecedented levy on bank deposits threatened to derail the nation's bailout. / BLOOMBERG NEWS FILE PHOTO/CHRIS RATCLIFFE
NEW YORK - U.S. stock-index futures fell as euro-area leaders imposed a levy on Cypriot bank deposits to cut the cost of a bailout, sparking concern the measure may one day be used in the bigger economies of Spain or Italy. Citigroup Inc. and Bank of America Corp. retreated more than 1.5 percent as financial…
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