Finance minister says EFSF loan is his preferred option for assistance as time runs out for Cyprus's second-biggest lender to meet capitalisation rules

IMF chief says leaders need to tackle crisis with resumption of bond buying by the ECB and the pumping of bailout money directly into teetering banks

Announcement is the culmination of a four-month review, and an even longer period of contemplation of what it means to be a large trading-oriented bank