Cyprus Said to Reach Tentative Deal to Avert Default, Euro Exit

Cyprus Said to Reach Tentative Deal to Avert Default, Euro Exit

Simon Dawson/Bloomberg

Customers queue to withdraw cash from an automated teller machine (ATM) outside a Cyprus Popular Bank Pcl, also known as Laiki Bank in Limassol, Cyprus. The agreement, which is not yet final, calls for Cyprus Popular Bank to be shut down and split.