Cyprus depositors 'could lose 60%'

Bank of Cyprus depositors with more than 100,000 euros (£84,300; $128,200) could lose up to 60% of their savings as part of an EU-IMF bailout restructuring move, officials say.

The central bank says 37.5% of holdings over 100,000 euros will become shares.

Meanwhile savers with large deposits at the other troubled lender, Laiki Bank, could see even higher losses.

Mark Lowen reports from Athens.