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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Biggest Cypriot savers to lose 'up to 30%' of investment

The levy on deposits in Cypriot banks by savers with more than €100,000 is likely to be "under or around 30 per cent", a spokesman for the Cypriot government has said.

Christos Stylianides was questioned over the level of losses on uninsured depositors during an interview with state radio.

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