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Cyprus Finance Minister: Uninsured Laiki Depositors Could Face 80% Haircut

Cyprus΄s finance minister said Tuesday that large deposit holders at Cyprus Popular Bank PCL (CPB.CP), the island΄s second biggest lender, could face losses of...

Finance Minister of Cyprus Resigns Over Financial Crisis

Michalis Sarris, the Cypriot Finance Minister, has resigned on Tuesday. Only three weeks into the job and taking the blame for failing to stand up...

Cyprus Finance Minister: Government Ready to Shore Up Banks

Cyprus’ Banks are expected to try to raise capital privately to strengthen their capital adequacy, Finance Minister Kikis Kazamias has said, stressing that the...

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