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Bank of Cyprus head fired under bailout deal

The chief executive of the Bank of Cyprus, the island’s biggest lender, has been sacked by the central bank governor as part of an international bailout deal, state media said on Wednesday. Yiannis Kypri was fired on the instructions of the so-called troika of the European Union, European Central Bank…

Bank of Cyprus chairman resigns in wake of international bailout deal

The chairman of the Bank of Cyprus has resigned in the wake of an international bailout deal that hits the island’s biggest lender, state media reported on Tuesday. The Cyprus News Agency said the bank’s chairman Andreas Artemis had tendered his resignation and it would go before the board later…

Two biggest Cyprus banks limit ATM withdrawals to reduce bank runs

The two main banks at the centre of Cyprus’s financial crisis further slashed the daily cash withdrawal limits from ATM machines on Sunday, state media reported. With queues growing outside cash machines across the island, Laiki (Popular) Bank cut maximum withdrawals at ATMs to 100 euros a day and the…

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