1. National

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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  1. Emma Murphy

Rumours that Cypriot president threatened to resign

Early reports coming out of Brussels suggest that the Cypriot President Nicos Anastasiades threatened to resign because there are so many sticking points in talks.

The Eurogroup meeting has been delayed by around two hours and delegates are preparing for what could be a long night.

The main problems seem to be the restructuring of the banks and the possibility that Eurogroup members have asked for more money from Cyprus to meet the terms of a €10 billion euro bailout.

Read: Cyprus deal will go down to the wire in Brussels

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