Marfin Popular Bank PCL

Type: Company
Name: Marfin Popular Bank PCL (Marfin Popular Bank Public Company Ltd)
First reported Sep 12 2014 - Updated Sep 12 2014 - 2 reports

Same $#!%, Different PIIGS

Submitted by Shane Obata of TriggersDesperate governments call for desperate measures.Unfortunately for us, citizens often end up paying for the mistakes of their governments. That’s not how it should be but, sometimes, that’s how it is. If and a when ... [Published Zero Hedge - Sep 12 2014]
Entities: Cyprus, Portugal, PIIGS, Spain
First reported Sep 11 2014 - Updated Sep 11 2014 - 1 reports

Georghadji comes clean on ‘conflict of interest’

By George PsyllidesCENTRAL Bank Governor (CBC) Chrystalla Georghadji yesterday said that she had nothing to do with the law office of her ex husband, which is handling a case related to the island’s economic collapse, as she vowed to conduct her duties ... [Published Cyprus Mail - Sep 11 2014]
First reported Sep 09 2014 - Updated Sep 09 2014 - 1 reports

Plan for bondholder compensation next month

By Angelos AnastasiouPresident Nicos Anastasiades has given instructions for an out-of-court settlement plan to be drawn up to compensate Bank of Cyprus and now-defunct Laiki Bank bondholders who saw their holdings vanish as a result of March 2013 Eurogroup ... [Published Cyprus Mail - Sep 09 2014]
First reported Sep 09 2014 - Updated Sep 09 2014 - 1 reports

Dodgy loan probe hampered by foot-dragging banks

By Elias HazouTWO MAJOR banking groups – Bank of Cyprus (BoC) and the Cooperative Central Bank (CCB) – are reportedly paying no heed to instructions from law enforcement to supply information on dodgy loans given to former bank executives and major s ... [Published Cyprus Mail - Sep 09 2014]
First reported Sep 03 2014 - Updated Sep 03 2014 - 1 reports

CYPRUS: First crooked banker arrests by year-end

* Directors investigated for 2009-2011 dealings *President Nicos Anastasiades has set an ambitious target to make the first arrests of crooked bankers that led to the economy’s collapse by the end of the year.Lax supervision by state and Central Bank ... [Published Financial Mirror - Sep 03 2014]
First reported Sep 01 2014 - Updated Sep 02 2014 - 1 reports

BOV and Lombard close higher

Bank of Valletta's share price traded within a narrow range today but ultimately ended the session 0.2 per cent higher at the €2.16 level across 22,000 shares.This month marks the end of the group’s financial year with the preliminary results generally ... [Published Times of Malta - Sep 01 2014]
First reported Sep 02 2014 - Updated Sep 02 2014 - 1 reports

Arrests over economy collapse by the end of the year

Cyprus could see arrests in connection with the collapse of the economy by the end of the year, it emerged on Tuesday, as President Nicos Anastasiades pledged that his government will show zero tolerance to cover-ups.Speaking after a briefing on the progress ... [Published Cyprus Mail - Sep 02 2014]
First reported Aug 27 2014 - Updated Aug 27 2014 - 1 reports

Bank of Cyprus Boosted by Asset Sales

Cyprus's largest lender, Bank of Cyprus (BOCY.CP), reported a second quarter net profit of 50 million euros ($65.9 million) Wednesday, boosted by the sales of assets in Romania and Serbia, as well as profits stemming from the early repayment of a EUR100 ... [Published 4 Traders - Aug 27 2014]
First reported Aug 26 2014 - Updated Aug 27 2014 - 1 reports

‘Delaying decisions is the worst tactic’

By George PsyllidesThe National Economy Council (NEC) warned on Tuesday that rejection of the foreclosures bill could throw the economy back to the days of March 2013 when parliament rejected a proposal to tax deposits.That rejection, by the same parties ... [Published Cyprus Mail - Aug 26 2014]
First reported Aug 11 2014 - Updated Aug 11 2014 - 1 reports

Inquiries ongoing in econ criminal probe

A CRIMINAL probe into the financial meltdown of 2013 will be done when it’s done, Attorney-general Costas Clerides told inquisitive lawmakers on Monday.Clerides, who was attending a joint session of the House finance and interior affairs committees discussing ... [Published Cyprus Mail - Aug 11 2014]
First reported Aug 11 2014 - Updated Aug 11 2014 - 2 reports

Former Central Bank chief jeered in bond-sale court case

By Elias Hazou BONDHOLDERS who lost money with ex Laiki Bank again heckled former Central Bank chief Athanasios Orphanides as he reappeared in court on Monday. Orphanides was met with shouts of "thief" and "traitor" as he showed up at Limassol district ... [Published Crawford Financial Planning - Aug 11 2014]
First reported Aug 11 2014 - Updated Aug 11 2014 - 2 reports

Cypriot insurers still suffering following bank bail-outs

The Cypriot insurance market has failed to rebound following the financial crisis despite the bail-out of both of the country’s major banks, according to a report published by Axco Insurance Information Services.Premiums in the life market (excluding ... [Published Insurance Insight - Aug 11 2014]

Quotes

"This capital increase will boost the bank's Tier 1 ratio... to 15.1 percent, positioning the bank at the upper end of the capital league table for European banks" he said
"This was a target for 2015, but recent reports have suggested that it is more likely to happen in 2016. Indeed, as a direct consequence of the failings of the current subsidised public healthhealth system, where waiting lists are long and fees were increased for most consultations and hospital visits in August 2013, private medical insurance has experienced an increase in demand, even during the economic crisis."
" We can only regret having been misled by the family with which Crédit Agricole was trying to create a true partnership to build the biggest private bank in Portugal ."
This precipitated his murder. "I know how much money they took from Lolly, the millions. They provided a fake Swiss trust fund and paid euros into an account in Cyprus and Lolly paid them rands. Lolly realised it was a fake account. He came to me and said he wanted his money back. He shouted at them."

More Content

All (36) | News (28) | Reports (0) | Blogs (4) | Audio/Video (0) | Fact Sheets (4) | Press Releases (0)
sort by: Date | Relevance
Tales from the coffeeshop: Step forward the new... [Published Cyprus Mail - Sep 14 2014]
Same $#!%, Different PIIGS [Published Zero Hedge - Sep 12 2014]
Same $#!%, Different PIIGS [Published Zero Hedge - Sep 12 2014]
Georghadji comes clean on ‘conflict of interest’ [Published Cyprus Mail - Sep 11 2014]
AG-CBC co-operation ‘very good’ [Published Cyprus Mail - Sep 09 2014]
Plan for bondholder compensation next month [Published Cyprus Mail - Sep 09 2014]
Dodgy loan probe hampered by foot-dragging banks [Published Cyprus Mail - Sep 09 2014]
CYPRUS: First crooked banker arrests by year-end [Published Financial Mirror - Sep 03 2014]
Arrests over economy collapse by the end of the... [Published Cyprus Mail - Sep 02 2014]
BOV and Lombard close higher [Published Times of Malta - Sep 01 2014]
Dangerous advice from a spiritual father [Published Cyprus Mail - Aug 31 2014]
Interest in CIF licenses grows whilst FX broker... [Published LeapRate - Aug 28 2014]
Old shareholders to make little noise at BoC me... [Published Cyprus Mail - Aug 28 2014]
Troubled Bank of Cyprus posts 50 mn euros Q2 pr... [Published Yahoo! News - Aug 27 2014]
Bank of Cyprus Boosted by Asset Sales [Published 4 Traders - Aug 27 2014]
‘Delaying decisions is the worst tactic’ [Published Cyprus Mail - Aug 26 2014]
European corporates continue to falter [Published World Finance - Aug 18 2014]
Inquiries ongoing in econ criminal probe [Published Cyprus Mail - Aug 11 2014]
Former Central Bank chief jeered in bond-sale c... [Published Crawford Financial Planning - Aug 11 2014]
Strings attached [Published The Cyprus Weekly - Aug 11 2014]
Former Central Bank chief jeered in bond-sale c... [Published Cyprus Mail - Aug 11 2014]
Cypriot insurers still suffering following bank... [Published Insurance Insight - Aug 11 2014]
Cypriot insurance market still struggling despi... [Published Actuarial Post - Aug 11 2014]
Banco Espírito Santo: Large Losses and Lots of ... [Published Brown Rudnick - Aug 09 2014]
New Zealand: the Shell Company Incorporation Fr... [Published naked capitalism - May 16 2014]
IMF Sees Signs of Stability for Cyprus Banks [Published OANDA Forex Blog - Apr 02 2014]
Leaked ‘issues note’: Who pays for EU bank bail... [Published FT.com - Brussels Blog - Feb 14 2014]
Louca back to open the can of worms [Published South Africa Star - Feb 14 2014]
Services prevent economic free fall in Cyprus, ... [Published eKathimerini.com - Jan 23 2014]
How not to run a bank or banking industry [Published Financial Mirror - Jan 08 2014]
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sort by: Date | Relevance
Same $#!%, Different PIIGS [Published Zero Hedge - Sep 12 2014]
Submitted by Shane Obata of Triggers Desperate governments call for desperate measures. Unfortunately for us, citizens often end up paying for the mistakes of their governments. That’s not how it should be but, sometimes, that’s how it ...
New Zealand: the Shell Company Incorporation Fr... [Published naked capitalism - May 16 2014]
In our previous post in this series, we rounded up some of the career highlights of a company agent, Philip Burwell, and his brand, International Offshore Services (IOS), formerly very active in New Zealand via its franchisee, The Company Net. We noted ...
IMF Sees Signs of Stability for Cyprus Banks [Published OANDA Forex Blog - Apr 02 2014]
Cyprus’s economy is adjusting following the 2013 recession, which was “not as severe as anticipated”, the International Monetary Fund (IMF) has said. “Signs of stabilisation are emerging in the banking sector,” said the IMF in a report. Cyprus agreed ...
Leaked ‘issues note’: Who pays for EU bank bail... [Published FT.com - Brussels Blog - Feb 14 2014]
Workers shutter a branch of Laiki Bank, which was closed under Cyprus' €10bn bailout last year For those not following every twist and turn in the EU’s debate over how to bail out failing banks, it may come as a bit of a surprise that finance ministers ...
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