'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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Laiki Bank cannot branch open due to 'technical reasons'

Laiki Bank staff at its branch in Lakatamia, just outside Nicosia, have just put a sign on the door saying "we can't open we have a technical problem." It is not clear yet if it is a short delay or a software problem.

Laiki is the bank in the worst shape over here. The queue of 20 are very restrained.

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