Bank Of Cyprus

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An investigation has revealed two former executives at the troubled Bank of Cyprus had ‘wiping software’ installed on their computers, which may have deleted key documents relating to the disasterous decision to invest in Greek government bonds in 2010. Photograph:  Yorgos Karahalis/Reuters

Two of the most senior executives at Bank of Cyprus may have deleted crucial email documents last year related to what proved to be a disastrou(...)

A man walks past a branch of Bank of Cyprus in Nicosia. REUTERS/Yorgos Karahalis

Cyprus will receive €1 billion from the International Monetary Fund as part of the €10 billion rescue package it agreed late in March with euro(...)

A man walks past a branch of Bank of Cyprus in Nicosia . Photograph: Yorgos Karahalis/Reuters

Russia has ruled out bailing out people or companies that stand to lose money held at Cyprus's two largest banks. "If someone gets stuc(...)

A protester atop the fence at the presidential palace during an anti-bailout rally in Nicosia yesterday. Photograph: Yannis Behrakis/Reuters

Michael Jansen The chief executive and board members of the Bank of Cyprus and Laiki Bank, the country’s two largest, were dismissed y(...)

A European Union flag ablaze during an anti-bailout rally outside the presidential palace in Nicosia yesterday. Photograph: Yannis Behrakis/Reuters

Cyprus yesterday unveiled radical capital-control measures ahead of banks re-opening tod(...)

Students take part in an anti-Troika protest outside the Presidencial palace in Nicosia. Photograph: Yannis Behrakis/Reuters

The chairman of Cyprus's biggest commerical bank, the Bank of Cyprus , has submitted his resignation following the bailout deal, a source at th(...)

Cyprus back from the brink
  • Europe
  • March 26, 2013, 06:25

Cypriot voters and their MPs may not be allowed to vote on the bailout package agreed early yesterday, but international investors got to do so(...)

A sign in a Nicosia shop window yesterday informs shoppers that only cash will be accepted. Some analysts have suggested Cyprus’s GDP could fall by 20 per cent over the next few years as a result of the bank restructuring plan. Photograph: Milos Bicanski/Getty Images

Ten days after a rescue package was first proposed for Cyprus, the group of lenders involving the Eu ropean Union and the International Monetar(...)

Euro group president Jeroen Dijsselbloem issued a statement yesterday evening after his comments on euro-zone banking policy caused market turbulence. Photograph: Reuters

Euro group president Jeroen Dijsselbloem was forced to issue a statement yesterday evening after comments he made about a change in euro-zone b(...)

(L-R) International Monetary Fund executive director Christine Lagarde, Eurogroup president Jeroen Dijsselbloem and European Economic and Monetary Affairs Commissioner Olli Rehn attend a news conference at the end of a Eurogroup meeting at the European Council building in Brussels. Photograph: Sebastien Pirlet/Reuters

Cyprus clinched a last-ditch deal with international lenders today for a €10 billion bailout that will shut down its second largest bank and in(...)

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