By Chuck Mikolajczak
NEW YORK, March 18 (Reuters) - U.S.-listed shares of foreign companies declined on Monday, as a plan by Cyprus to tax bank accounts in order to stave off a bankruptcy triggered concerns about the euro-zone's financial stability and weighed on bank shares.
Cypriot ministers worked to adjust a plan to seize money from bank deposits ahead of a parliamentary vote on Tuesday which could result in the country's financial rescue or threaten its default.
The weekend announcement by the nation to tax bank deposits as part of a 10 billion euro ($13 billion) bailout by the European Union is a departure from prior bailout plans, which kept depositors' savings intact.
Financial shares declined, with Deutsche Bank (Xetra: 514000 - news) down 2.7 percent to $43.42, Barclays PLC (LSE: BARC.L - news) off 3.7 percent to $18.52 and ING Groep (NYSE: IGK - news) down 3.8 percent to $8.04 in New York trade.
The BNY Mellon index of leading American depositary receipts lost 0.9 percent, while the Standard & Poor's 500 index declined 0.4 percent.
The BNY Mellon index of leading European ADRs fell 1 percent, while the FTSEurofirst 300 index of top shares closed down 0.3 percent.
U.S.-listed shares of Panasonic Corp advanced 3.8 percent to $7.43 after sources said the consumer electronics maker is considering the sale of its healthcare business to raise cash.
The BNY Mellon index of leading Asian ADRs dipped 0.7 percent.