Cyprus in race against time as bank concerns grow

By Menelaos Hadjicostis, Elena Becatoros
Published March 21, 2013 4:00am ET
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Cyprus in race against time as bank concerns grow
People queue at an ATM outside a closed Laiki Bank branch in capital Nicosia, Cyprus, Thursday, March 21, 2013. The European Central Bank says it will keep emergency aid for Cyprus' troubled banks in place at least until Monday but will have to cut it off after that unless an international rescue program is drawn up. (AP Photo/Petros Giannakouris) | Petros Giannakouris

NICOSIA, Cyprus (AP) — As Cypriot politicians raced to find a new financial rescue plan ahead of a Monday deadline, one of the country’s biggest banks put a cap on daily withdrawals after people rushed to get cash from ATMs.

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