Queues form outside Cypriot banks as they reopen

Small queues forming outside some banks now ahead of opening in twenty minutes. Credit: ITV News/Darren Burn
Restrictions on cash withdrawals have been handed out to customers and posted in bank windows. Credit: ITV News/Emma Murphy

Read: Restrictions on withdrawals as Cyprus banks re-open


'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.