European Stocks Fall on Concern Cyprus to Reject Bank Tax
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European stocks dropped for a third day as Cypriot President Nicos Anastasiades said lawmakers will probably reject a 5.8 billion-euro ($7.5 billion) bank-deposit levy needed to win a European Union-led bailout.
National Bank of Greece SA led a gauge of lenders to the lowest close this year. Rio Tinto Group sank the most since 2011 as Goldman Sachs Group Inc. downgraded the shares. ThyssenKrupp AG fell the most in a year after a report the German steelmaker is considering raising capital. Cie. Financiere Richemont SA slid the most in almost two months as an investor sold a stake in the luxury-goods company.