Bank of Cyprus

Athens Stock Exchange slumped for a second day on Wednesday, on fear of contagion from the financial crisis in neighbouring Cyprus. Although the deal brought temporary relief, investors soon focused on the future ramifications of the bailout plan and what...

Cyprus' bank and economic crisis has led to the firing of Bank of Cyprus chief Yiannis Kypri who is being replaced by a special administrator to run the bank during its restructuring as part of a deal with international...

Instead of a tax of up to 80 percent on big banks accounts, Cyprus Finance Minister Michalis Sarris said that a confiscation tax should have been levied on all depositors in the country's banks, including those under 100,000 euros...

After being closed since March 15 during Cyprus' economic crisis amid fears depositors would rush to withdraw their money, 312 branches of Cypriot banks in Greece were back in operation on March 27 after being taken over by the...

Cyprus΄s finance minister said Tuesday that large deposit holders at Cyprus Popular Bank PCL (CPB.CP), the island΄s second biggest lender, could face losses of as much as 80% on their deposits as the government moves to wind down its...

Cypriot banks, which have been closed since March 15 while the government worked out a bailout deal, are using private security from a British firm to guard workers refilling ATM’s, and bracing for a reopening on March 28 hoping...

Cypriot officials said on March 26 that with banks not scheduled to reopen until March 28 that the government and businesses won’t be able to pay workers, which has led to shortages of commodities as well, including food and...

Cyprus’ sudden acquiescence to demands by international lenders to confiscate 40 percent or more of bank deposits over 100,000 euros ($130,000) and limit withdrawals, while keeping the banks shut, has turned much of the country overnight into a fright-filled...

Delays and indecision by newly-elected Cypriot President Nicos Anastasiades' government allowed a huge outflow of cash from the island's banks even though they were closed and limits were placed on most withdrawals, the news agency Reuters reported. In banknotes at...

Greece's Piraeus Bank said on Tuesday it agreed to buy the branches of all three Cypriot banks in Greece for 524 million euros ($675.04 million) in cash. The deal concerns the Greek units of Bank of Cyprus , Cyprus Popular...