'60% levy' possible in Cyprus

Savers with the Bank of Cyprus could be given shares in the bank, a source close to the negotiations has told the news agency Reuters as some initial details of the euro bail out are released.

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Bank staff prepare to reopen branches in Cyprus

Banks in Cyprus are preparing to reopen after being closed for almost two weeks, amid the country's financial crisis. Customers will be subject to restrictions about the amount of cash that can be withdrawn.

An employee opens a safe inside a Bank of Cyprus branch before it opens in Nicosia. Credit: REUTERS/Yannis Behrakis
An employee counts money by an open safe inside a Laiki Bank branch before it opens. Credit: REUTERS/Yannis Behrakis

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