Cyprus

Security Firm Preparing for Cypriot Banks to Reopen

G4S has been working with police and will provide security for banks

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A British security firm that transports cash for Cypriot banks is working round the clock, sending teams out with police protection to stock bank machines and readying guards for when banks reopen on Thursday.

The world's largest security firm, G4S, moves cash and will provide guards for Cypriot lenders including Bank of Cyprusand Cyprus Popular Bank, the two biggest, which are to be combined and see large depositors' accounts frozen under a bailout agreed at the weekend.