Search Results for: Bank of Cyprus
Cyprus Airways through the eyes of potential investors
November 28th, 2014
The sale process of Cyprus Airways (CAIR) has been put on hold waiting for the results of the European Commission investigation on the legality of the aid package of EUR 103m, which was provided by the Cyprus government to ...
Moody’s: Cyprus Government Bond Upgraded to B3
November 17th, 2014
Moody’s Investors Service has upgraded Cyprus’ government bond rating to B3 from its previous rating of Caa3. The rating agency has also changed the outlook on the government bond rating to stable from positive and affirmed Cyprus’ Not-Prime (NP) ...
Laiki and the European Central Bank in the New York Times
October 27th, 2014
The bankruptcy and accumulated debts of the Laiki Bank were a key element of the Cyprus financial crisis. A recent article (“To Restore Confidence in Economy, A Test of Europe’s Bank’s”, October 17) in The New York Times discusses ...
Twenty-four European banks fail financial stress tests
October 27th, 2014
One in five European banks have failed crucial tests of their financial strength, leaving a €25bn (£19.6bn) capital hole in the continent’s banking system at a time of renewed fears that the five-year long eurozone crisis may be flaring ...
Europe Fears Banks Lack Cash Cushion to Cover Bad Loans
August 25th, 2014
As Europe slogs through its latest round of bank stress tests, a growing number of analysts have already reached their own conclusion: Eurozone banks need additional cash. The E.C.B. will publish the results of its half-year investigation into Europe’s ...
EU Practiced Its Russian Sanctions in Cyprus
July 30th, 2014
Europe’s new financial sanctions against Russia will be among the first meaningful ones the West has introduced since the Ukraine crisis started. But punishing rich Russians is not exactly new territory for the EU — it has been doing ...
Statement by the European Commission, ECB and IMF on the Fifth Review Mission to Cyprus
July 25th, 2014
Staff teams from the European Commission (EC), European Central Bank (ECB), and the International Monetary Fund (IMF) visited Nicosia during July14-25, 2014 for the fifth review of Cyprus’s economic program, which is supported by financial assistance from the European ...
FinCEN named FBME Bank Ltd as a foreign financial institution of primary money laundering
July 25th, 2014
On July 17 FinCEN issued a press release taking action to Protect U.S Financial System. On that date, FinCEN named FBME Bank, which transacts 90 percent of its global banking business through branches in Cyprus, as a foreign financial institution ...
The Central Bank of the Russian Federation published External Trade in Services of Q1 2014
July 23rd, 2014
The Central Bank of the Russian Federation has published today, a table showing the External Trade in Services of the Russian Federation by Main Partner Countries. EU countries on their total comes on top of the table where Germany ...
The Central Bank of the Russian Federation published External Trade in Services of Q1 2014
July 23rd, 2014
The Central Bank of the Russian Federation has published today, a table showing the External Trade in Services of the Russian Federation by Main Partner Countries. EU countries on their total comes on top of the table where Germany ...
