Bank of Cyprus chairman submits his resignation

The Bank of Cyprus chairman has reportedly resigned from his post. Credit: Nick Ansell/PA Wire

The Bank of Cyprus chairman Andreas Artemis has submitted his resignation, a bank source has told Reuters.


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.