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Laiki Bank News

132 companies, elites transferred cash out of Cyprus, named

Nicosia - It appears that politicos, elites and favored companies may have had advance inside information pertaining to Cypriot bank deposit haircuts. The names of 132 companies and elites who transferred funds out prior to bank closures have been released.

Cyprus: Politicians took €26m abroad just days before haircut

The haircut which took depositors in Cyprus banks by surprise was apparently no surprise to top politicos. Politicians and their relatives transferred over €26 million abroad just days before ordinary savers were looted.

Cyprus: All banks to remain closed but cash still exits country

All banks in Cyprus are to remain closed for a further two days, until Thursday, creating more problems as most businesses are now refusing all but cash transactions. Despite capital controls cash is still escaping the island.

Cyprus bailout deal agreed with eurozone ministers

Brussels - A Cypriot exit from the euro was averted in the early hours of the morning when details of the bailout agreed between Cyprus and the troika were approved by the eurozone finance ministers.

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