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Cyprus loosens restrictions on 8 foreign banks

19 May 2013

(MENAFN) Cyprus finance ministry stated that it has loosened restrictions on 8 more foreign banks, reported Xinhua News. The ministry said that the banks were exempted from the restrictions ...

Independent Scotland open to Cyprus-style bank risks, says Britain

19 May 2013

By William James LONDON (Reuters) - An independent Scotland would have a vastly oversized financial sector that would leave it vulnerable to a Cyprus-style banking crisis, Britain's finance ministry says. Before a referendum due in September 2014 on whether Scotland should split from the United Kingdom, the British government is analyzing the impact of independence on Scotland, which has a ...

Cyprus drops limits on 8 more foreign banks

17 May 2013

NICOSIA, Cyprus (AP) — Cyprus on Friday got rid of limits on money transfers and withdrawals for international clients of another eight foreign banks doing business in the debt-laden country.
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