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Lenders up pressure on Cyprus to call in bad loans
International lenders put new pressure on Cyprus politicians Friday to agree delayed legislation on foreclosure procedures for bad loans in the latest review of compliance over a multi-billion debt bailout. Legislation for the calling-in of non-performing loans contracted during the island's credit boom and crash that prompted the international bailout of March 2013 is a pre-condition for the ...(7/26/2014 4:18:25 AM)
Cyprus passes international bailout review
NICOSIA, Cyprus (AP) — Cyprus' international creditors said Friday that the country's bailout program is making good progress as fiscal targets have been comfortably met, welfare reform has moved forward and more steps have been taken to shore up the banking sector.(7/25/2014 11:59:40 AM)
There's something about Cyprus
Cyprus is a tax haven and has long attracted wealthy Russians, but it could become a European energy hub.(7/27/2014 8:53:40 AM)
Cyprus passes bailout review
NICOSIA, Cyprus (AP) — Cyprus' international creditors said Friday that the country's bailout program is making good progress as fiscal targets have been comfortably met, welfare reform has moved forward and more steps have been taken to shore up the weak banking sector.(7/25/2014 9:22:30 AM)
Cyprus passes 5th bailout review
Cyprus' international creditors say the country's bailout program is making good progress as fiscal targets have been comfortably met, welfare reform has move forward and more steps have been taken to ...(7/25/2014 8:33:08 AM)
Cyprus looks for buyers for bank in US laundering probe
Cyprus was looking for buyers to take over branches on the island of Tanzania-based bank FBME, which faces a US money-laundering probe, after placing the operation under adminstration. The move by the Cyprus central bank late on Monday came in the face of historical allegations by key European Union partners that the island's once-bloated banking sector had been engaged in laundering money for ...(7/22/2014 4:20:31 PM)
DealBook: A Secret in Cyprus Bank Bailout Stirs Resentment
Two financial rivals disagreed over the capital needs of the banking sector of Cyprus in 2013, but only one analysis was made public.(7/24/2014 5:28:09 AM)
A Secret in Cyprus Bank Bailout Stirs Resentment
Two financial rivals disagreed over the capital needs of the banking sector of Cyprus in 2013, but only one analysis was made public.(7/23/2014 8:39:04 PM)
Cyprus' creditors say bailout program on course, authorities must deal with bad loans
Cyprus' international creditors say the country's bailout program is making good progress as fiscal targets have been comfortably met, welfare reform has move forward and more steps have been taken to shore up the weak banking sector.(7/25/2014 9:04:30 AM)
Cyprus takes control of 'money laundering' bank
The Cyprus Central Bank said on Friday it had taken control of the local operation of FBME bank after Washington accused it of being a prime money laundering facility. The US Treasury’s Financial Crimes Enforcement Network (FinCEN) this week named Tanzanian-based FBME Bank Ltd., which has offices in Cyprus, as a "foreign financial institution of primary money laundering concern". “The Central ...(7/18/2014 5:44:29 PM)
Source: Yahoo