Search Results for: Central Bank of Cyprus
Wilbur Ross on Bank of Cyprus – VIDEO
October 9th, 2014
Mario Draghi, the president of the European Central Bank, has faced criticism on several fronts in recent weeks: for being too bold with the bank’s policies, or not being bold enough. Yet he has support from one quarter—well-known investor ...
CBC fines Alpha Bank Cyprus Ltd
September 11th, 2014
The Central Bank of Cyprus (CBC) has decided the imposition of fine amounting to €89.000 against Alpha Bank Cyprus Ltd for failing to comply with specific Laws and Directives. The Central Bank of Cyprus (CBC), within the remit of exercising its ...
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 ...
Establishment of a Representative Office in Cyprus by Bank Zenit
July 15th, 2014
The Central Bank of Cyprus acting under the authority vested in it by section 8(1) of the Business of Credit Institutions Laws of 1997 to (No. 4) of 2013, granted on 4 July 2014, an approval to Bank Zenit ...
New EU Bank-Creditor Loss Rules Leave Room for Confusion
June 13th, 2014
The European Union has served notice that senior bondholders will be in the firing line for losses when banks go bust, yet the law’s fine print leaves room for confusion. Policy makers from Michel Barnier to Jeroen Dijsselbloem have ...
