Bank of Cyprus Board of Directors has not accepted the resignations of its Chairman and four of its members. A press release issued by the Bank of Cyprus said Chairman of the
Governor of the Central Bank of Cyprus Panikos Demetriades has said that the haircut on deposits over 100,000 euro in the Bank of Cyprus would be around 40%. In a joint press
Luxembourg's foreign minister accused Germany on Tuesday of "striving for hegemony" in the euro zone by telling Cyprus what business model it should pursue. Like Cyprus, Luxembourg has a large financial sector,
The Federal Reserve has ordered Citigroup Inc to better police for the risk of money laundering, part of a broad U.S. regulatory crackdown on the potential for illicit money flows. The Fed
Pope Francis wants to stay for the time being in a simple Vatican residence instead of moving into the spacious and regal papal apartments, the Vatican said on Tuesday. The former Cardinal
Thousands of students and hundreds of bank workers protested in the Cypriot capital Nicosia on Tuesday as banks stayed shut to stop a run on deposits after the island agreed a painful
Fitch Ratings downgraded on Tuesday the three largest Cypriot banks, following an agreement reached at Eurogroup level in the early hours of Monday morning. The agency’s press release says that it has
The Municipality of Larnaca and the town’s Tourist Development and Promotion Company have welcomed the addition of a new route by EasyJet, from Milan to Larnaca, as well as the docking of
Piraeus Bank signed an agreement on Tuesday to acquire all of the Greek deposits, loans and branches of Bank of Cyprus, Cyprus Popular Bank and Hellenic Bank, including loans and deposits of
Property valuers in Cyprus have suspended work as they come to terms with a financial bailout that is likely to deepen price falls of recent years, the chairman of the country's Property
