Search Results for: Bank of Cyprus
CySec informs in relation to the announcement of Hungarian supervisory Authority for a specific Cyprus Investment Firm
September 21st, 2015
CySec wants to clarify in relation to an announcement issued last Thursday by the competent supervisory Authority of Hungary (Magyar Nemzeti Bank) and subsequent press reports, that: Read more: Magyar Nemzeti Bank announcement on a Cyprus Investment Firm The announcement by ...
MNB Hungary: Complaints by Hungarian customers against a Cyprus investment firm
September 18th, 2015
A number of indications have been given recently to the MNB’s customer service against Cyprus-based IronFx Global Ltd, claiming that the firm, a provider of a platform for online trading, has not been executing payment orders, leaving customers without ...
CySec Cyprus warns for unauthorised firm providing investment and ancillary services
September 8th, 2015
The Cyprus Securities and Exchange Commission (CySec) has issued a press release to inform public for an unauthorised firm providing investment and ancillary services in Cyprus. Specific, CySec warns that the company: ‘Lau Global Services Corp’ (https://www.mxtrade.com) 1) Is ...
The Bankruptcy Of The Planet Accelerates – 24 Nations Are Currently Facing A Debt Crisis
July 17th, 2015
There has been so much attention on Greece in recent weeks, but the truth is that Greece represents only a very tiny fraction of an unprecedented global debt bomb which threatens to explode at any moment. As you are ...
CYPRUS: PDMO sells €31m in retail bonds, €182m so far
June 26th, 2015
The Cyprus Ministry of Finance sold 6-year government bonds worth €31 mln in its monthly offer this week, the second highest in the programme that started last year, suggesting that investors were unaffected by the government’s move to lower ...
SaxoTraderGO success prompts Saxo to close Cyprus MT4 offering
June 5th, 2015
Following the successful launch of SaxoTraderGO, Saxo’s new, intuitive, multi-asset trading platform, Saxo Capital Markets CY Ltd., a fully owned subsidiary of Saxo Bank, will cease its operations as a provider of retail MT4 solutions and its MT4 platform will be ...
The Role of Securitization in Dealing with the Banking Problems
March 20th, 2015
One of the main problems that our banking sector is facing is obviously the incredibly excessive amount of non-performing loans (NPLs) on our banks’ balance sheets that reached almost 50% (about €28 billion) of their total loan portfolio! A ...
ECB Warns Cyprus as Government Pushes for Georghadji’s Dismissal
March 16th, 2015
The European Central Bank warned Cypriot President Nicos Anastasiades to respect central-bank independence after the country’s government started proceedings to dismiss Governor Chrystalla Georghadji. A year after previous Cypriot central-bank chief Panicos Demetriades resigned his post following months of ...
Cyprus pulls back from abyss after traumatic bailout
March 16th, 2015
Two years after its failing banks nearly pushed cash-strapped Cyprus over the edge, sending shockwaves through the eurozone, the country has pulled back from the abyss, saved by painful austerity and a multi-billion euro rescue package. Indeed, Finance Minister ...
SFO launches investigation into Bank of England liquidity auctions
March 5th, 2015
It is unclear whether the Bank’s employees are suspected of involvement in any attempt to rig the auctions, used as emergency lending during the credit crisis The Bank of England has, today, issued the following statement: “Following the ...
