Banks will remain closed Thursday and Friday, to secure financial stability, a statement issued by the Finance Ministry says. In the statement issued Wednesday, the Ministry notes that "subsequently to the rejection
New York-based hedge fund Greylock Capital has sold most of its Cypriot government bond holdings and may dump the rest, its founder said on Wednesday, as the state of talks between the
President of the European Council Herman Van Rompuy spoke Wednesday of the need to find a solution for the economic crisis in Cyprus, stressing that the uncertainty is highly damaging, especially for
A decision on a Cyprus rescue must be made on Thursday at the latest, Cyprus President Nicos Anastasiades was quoted as saying, on Wednesday evening, leaving the Presidential Palace. A series of
President of the Republic of Cyprus Nicos Anastasiades held Wednesday a telephone conversation with his French counterpart Francois Hollande, asking for Paris’ support to Nicosia’s efforts to come out with a plan
A solution must be found to reopen Cypriot banks within days before it is "too late", one of Europe's top bankers warned on Wednesday, saying he feared the island's problems risked knocking
. From Lars Seier Christensen’s blog, co-founder and CEO, Saxo Bank A/S Confusion reigns supreme in the Cyprus bailout. So it is fairly risky to stick out your neck commenting on an
Banks in Cyprus will remain closed on Thursday and Friday as the euro zone country tries to avoid a financial meltdown having rejected the harsh terms of a European Union bailout that
Cyprus sent two of its key cabinet ministers to Moscow to broker a fresh rescue deal, but have so far had little success as Russian depositors fear been victimised in a “bail
Banks in Greece seem prepared to take over the Greek branches of Cypriot lenders, Finance Minister Yannis Stournaras said on Wednesday, confirming earlier reports that Alpha Bank and Piraeus Bank were close
