Two Cypriot banks to remain closed until Thursday

Banks in Cyprus are due to reopen tomorrow however two of the biggest banks on the island, Popular Bank and Bank of Cyprus, will stay closed until Thursday, March 28, a Cyprus Central Bank source told Reuters.

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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.