Bank of Cyprus

Greece's Piraeus Bank expects to conclude deals to take over the Cypriot banks operating in Greece by noon on Tuesday, Greece's third-largest lender by assets said. On Friday Greece's bank bailout fund picked Piraeus to acquire the Greek operations of...

Branches of Cypriot banks in Greece that have been closed since March 25 to prevent withdrawals until the island's goverment finalized a bailout with international lenders, will open as normal on  March 26 following the agreement between their parent...

Greece described a bailout deal between international lenders and Cyprus that will confiscate as much as 30-100 percent of bank accounts over 100,000 euros ($130,000) as "painful" but didn't object as it faces negotiations with the same lenders who...

The Eurogroup has reached an agreement with the Cypriot authorities on the key elements necessary for a future macroeconomic adjustment programme. The Eurogroup has reached an agreement with the Cypriot authorities on the key elements necessary for a future macroeconomic...

An explosion took place at a cash machine in Cyprus as last-minute talks begin aimed at saving the country's crippled economy. The home-made bomb exploded at a Polemidia branch ATM machine near the city of Limassol at around 12.30 a.m....

With the clock running fast toward a possible bank collapse and default unless they came up with a plan to raise 5.8 billion euros ($7.5 billion) to secure a 10 billion euros ($13 billion) bailout from international lenders, Cyprus'...

Greece's Finance Ministry said Friday that a Greek bank will immediately start acquiring the local operations of Cypriot banks in close cooperation with the island's central bank. "With this development, Greece is shielded (from the Cyprus crisis) as the total...

Cyprus' hopes of finding a way to come up with 5.8 billion euros ($7.5 billion) to secure a 10 billion euros ($13 billion) international bailout to save the country's economy and banks from collapse were dwindling late on March...

Depositors with money in Greek branches of Cypriot banks will find the institutions closed on March 19 and 20 as part of a plan by Cypriot authorities to prevent access to account holders on the island before up to...

The Bank of Cyprus (BoC), the island’s biggest lender, said losses incurred by its holding in Greek bonds that were devalued 74 percent last year and pushed Cypriot banks toward insolvency, has forced it to cut 300 workers in...