Laiki Bank's UK Customers To Avoid Cypriot Savings Levy
LONDON, ENGLAND - APRIL 02: A branch of Laiki Bank UK, a subsiduary of Cyprus Popular Bank, on April 2, 2013 in London, England. Customers with funds in Laiki Bank UK will not face a levy on their accounts, which is being imposed in Cyprus on deposits of over 100,000 Euros as part of the European Union's bail-out package for the Cypriot economy. The Bank of England's Prudential Regulation Authority has announced that all deposits in Laiki Bank UK will be automatically transferred to Bank of Cyprus in the UK. (Photo by Oli Scarff/Getty Images)
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