Overseas arms of Cyprus banks say savers can withdraw

LONDON (Reuters) - The British arm of one of Cyprus's main banks said customers could continue to withdraw their cash but warned that deposits above 100,000 euros (85,110 pounds) may not be safe.

Laiki Bank UK, owned by Popular Bank of Cyprus - also known as Laiki - operates as a branch of its parent and gave clearer guidance on its website on Monday telling customers they are protected up to 100,000 euros by the Cyprus Deposit Protection Scheme and not the UK's compensation scheme.