UK customers escape bank levy

Around 15,000 savers in the UK arm of stricken Cypriot bank Laiki will see their deposits protected under British rules and will escape the Cyprus banking levy.

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Eurozone finance ministers 'ready' to assist Cyprus

The eurozone countries are prepared to help Cyprus overcome its financial problems and reform, the head of Eurogroup Jeroen Dijsselbloem said in a brief statement.

"I confirm that the Eurogroup stands ready to assist Cyprus in its reform efforts", Mr Dijsselbloem said.

The Eurogroup is a meeting of the eurozone countries' finance ministers.

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