Cyprus bank

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...

Until last week when Eurozone officials began demanding the Cypriot government confiscate up to 9.9 percent of bank deposits to secure a 10 billion euros ($13 billion) Cyprus was a favorite tax and money-laundering haven for foreigners, especially Russians,...

Cyprus may have to pump up to 2.5 billion euros into Greek-exposed Popular Bank to cover losses on a Greek writedown if the bank's own recapitalisation attempts fail, a newspaper reported on Friday. State intervention in the bank - Cyprus's...