29 July, 16:49 (ANSAmed) – NICOSIA, JULY 29 – The Cypriot government on Monday announced depositors at the country’s biggest lender will lose 47.5% of their accounts over the 100,000-euro insurance limit. Government spokesman Victoras Papadopoulos announced the figure as part of the Bank of Cyprus’ restructuring under […]
Source: Reuters – Tue, 30 Apr 2013 05:30 AM Author: Reuters By Michele Kambas, Stephen Grey and Stelios Orphanides NICOSIA, April 30 (Reuters) – One day last October, a memory stick containing special software for deleting data was placed into a desktop computer at Bank of Cyprus. Within […]
Charities, insurers to be included in Cyprus bail-in: 27.5% of Savings will be taken violating previous arrangement
Mon, 22 Apr 2013 04:22 GMT Reuters NICOSIA, April 22 (Reuters) – Cypriot insurance companies and charity organisations will be affected by a bail-in on deposits in an attempt to minimize the broader impact on savers, the island’s central bank has said. The central bank said insurance companies, […]
By George PsyllidesPublished on April 5, 2013 DELETION of data allegedly took place on computers belonging to senior Bank of Cyprus (BoC) executives, according to the leaked findings of a probe into the circumstances that forced the island’s biggest lenders to seek state assistance. Alvarez and Marsal, the […]
Co-op rumour spreads panic By Stefanos EvripidouPublished on April 6, 2013 THE GOVERNMENT, Central Bank and Cooperative Movement rushed to calm fears of a new raid on bank deposits yesterday after rumours, texts and reports circulating spread panic among depositors who formed long queues mostly outside […]
132 companies ( All Listed ) reportedly had inside knowledge of Cyprus’ impending levy tax as they withdrew deposits worth US$916 million
Cyprus bailout inside info? 132 companies pull out over $900mn in deposits Published time: April 02, 2013 12:20 One hundred and thirty-two companies reportedly had inside knowledge of Cyprus’ impending levy tax as they withdrew deposits worth US$916 million in the run-up to the bailout deal. The companies […]
Savers in Cyprus’ largest bank face losing a far worse-than-expected 60pc of their deposits over €100,000 as part of a €10bn EU bail-out deal struck this week.
Cypriot authorities confirm raid on big depositors By Nick Squires, Denise Roland, and agencies 9:13PM GMT 29 Mar 2013 Under the arrangement, depositors in Bank of Cyprus will receive shares in the lender worth 37.5pc of any savings over €100,000, while the rest may never be paid back, […]
Published on Wednesday, March 27, 2013 17: 50 Written by 24 h. com. cy The first online news bulletin of the 24th bulletin revealed the list of politicians, their relatives and trade unionists who deleted all or part of the loan that had been taken from two […]
By George Psyllides Published on March 30, 2013 THE government yesterday reaffirmed its intention to fully investigate the banking sector, as a list surfaced with names of current and former state officials who allegedly had their loans written off by banks. The list, published […]
EEV: Real News from Cyprus has become difficult to obtain. Search engines seem to have been re-prioritized for unknown reasons. * For those looking for accurate news from Cyprus, I recommend http://www.cyprus-mail.com/ – . Customers queue up outside a branch of Laiki Bank as they wait […]
Money was already fleeing Cyprus while president fumbled bailout/ Bank of Cyprus — have units in London which remained open throughout the week and placed no limits on withdrawals
Annika Breidthardt, Luke Baker and Michele Kambas, Reuters | 13/03/26 | Last Updated: 13/03/26 1:26 PM ET More from Reuters Getty ImagesPeople withdraw money from Bank of Cyprus ATM’s while employees gather outside the bank’s headquarters in Athens Friday. BRUSSELS/NICOSIA — As new President Nicos Anastasiades hesitated over […]
Published on March 26, 2013 SOURCES with access to the Presidential Palace have confirmed that President Nicos Anastasiades at one stage did threaten to resign during tense negotiations with international lenders on Monday morning. Initial reports had Anastasiades telling International Monetary Fund chief Christine Lagarde: “I table one […]
Russian oligarchs have outsmarted the EU © Flickr.com/ranil/cc-by-nc-sa 3.0 Judging by the russophobic rhetoric of the European authorities and the European media, the rationale behind the artificially created Cypriot crisis was to expropriate the money from “Russian accounts” held in Cyprus. After providing tax shelter for the Russian […]
Three quarters of a million Britons living in Europe could see their savings raided to help save the European Union’s single currency following the Cyprus debt crisis.
British expats in Cyprus face eurozone raids on their savings By Bruno Waterfield, in Brussels 9:43PM GMT 25 Mar 2013 A senior eurozone figure on Monday suggested the plan to save Cyprus could serve as a template for rescuing other troubled EU states. Under the terms of […]
TIMELINE: Bailout deal reached Published on March 24, 2013 President Nicos Anastasiades in Brussels UPDATED 2.58am Cyprus and international lenders reached a draft deal in the early hours of this morning, which had to be approved by the Eurogroup. Details of the deal were sketchy but […]
Fears mount that Russia could act against European companies if charge on deposits hits €30bn Russian investments Helena Smith in Nicosia, Simon Goodley and Toby Helm The Observer, Saturday 23 March 2013 15.20 EDT A pressure valve on a Russian gas pipeline: any retaliation by Russia for a […]
EEV: Need 2n confirmation. This is the first story in Published time: March 23, 2013 18:31 Edited time: March 23, 2013 19:20 Bank workers shout slogans during a protest outside Cyprus presidential palace in Nicosia on March 23, 2013. (AFP Photo / Patrick Baz) Cyprus and […]
The decision to raid people’s savings to fund a bail-out for Cyprus sets a “worrying precedent” that could jeopardise the European economic recovery, financial experts have warned.
EU raid on savings to fund bail-out for Cyprus ‘threatens recovery’ By Robert Winnett, and Tom Whitehead 10:00PM GMT 17 Mar 2013 The island’s government has announced that, following pressure from finance ministers in the eurozone, it is introducing a levy on all bank deposits in the country […]