Depositors in Cypriot banks with more than 100, 000 euros could see 40% of their funds converted into bank shares, while those with less than 100, 000 euros will not lose any funds - but face limits on what funds they can access.

BBC: Cyprus banks to reopen on Thursday after bailout closure

If he is wrong, he will not only lose a lot of money on his short, but he could also face civil liability to the company, which has yet to file a suit against him.

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The officers will face a charge of neglect of duty following the death of Christopher Alder, 37 but not lose their jobs.

BBC: Police hearing after custody death