SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The coming US dollar crisis
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: maceng2 who wrote (50731)3/25/2013 12:36:24 PM
From: ggersh  Read Replies (1) of 71475
 
Your favorite bank had to be involved somehow....-g-

Laiki Bank administrator appointed
25 March 2013 18:24

NICOSIA -- The Cyprus Central Bank said on Monday that in its capacity as the Resolution Authority, it has, as of today, appointed Ms Andri Antoniades as the Special Administrator to implement the restructuring of the Cyprus Popular Bank also known as Laiki Bank.
Antoniades is a member of the Institute of Certified Chartered Accountants with 28 years of banking experience; 25 years with HSBC acting as CEO for the last five years and three years as General Manager with NBG Cyprus Ltd.
The appointment follows the approval of legislation by the House of Representatives on Friday giving the Central Bank authoritiy to undertake the restructuring of the banking sector. The Central Bank's announcement came only hours after eurogroup sealed a deal for a bailout agreement with Cyprus that includes the resolution of Laiki which will be split into a good and bad bank. Deposits under 100,000 euros and performing loans will go the good bank, which will merge with th Bank of Cyprus. The bad bank will take chanrge of all deposits over 100,000 as well as non performing loans and other assets which will be shared out among depositors once it has been wound down.l
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News