#2013 financial crisis

The restoration of losses suffered by bank employees during the 2013 financial crisis was a central issue at the 58th annual general congress of bank workers union (Etyk), held in Nicosia ...

Ahead of the parliamentary elections, two organised groups representing people whose savings got wiped out in the 2013 bank bail-in have asked the political parties to explicitly commit to restitution. The ...

In the run-up to the parliamentary election on May 24, candidates have clashed on the ability of their political parties to manage the economy. In particular, in reaction to the policy ...

The European Court of Human Rights (ECtHR) on Thursday upheld the Cypriot authorities’ decision to impose salary and pension cutbacks on civil servants in the midst of the 2011-2012 financial ...

The cabinet on Wednesday approved the amount of €100,005,000 for the national solidarity fund for the 2025 scheme to compensate losses for former Laiki bank depositors. Finance Minister Makis Keravnos said the ...

The National Solidarity Fund’s committee agreed on Friday on the structure of a scheme to compensate losses for former Laiki bank depositors, with Sykala – the Laiki Bank Depositors Association – ...

Only district courts have the jurisdiction to adjudge cases relating to the 2013 ‘haircut’ on bank deposits, the attorney-general’s office said on Monday. The AG’s office was citing a ...

Eleven years plus after the devastating bank bail-in of 2013, the clock is ticking for those still seeking restitution. The statute of limitations already expired years ago. Meantime one after another ...

Nicosia district court has dismissed a lawsuit against the state, the Central Bank and the Bank of Cyprus over the 2013 ‘haircut’ on deposits, the attorney-general’s office stated on Monday. ...

Bank bondholders who saw their assets wiped out in the 2013 financial meltdown said on Thursday they hope that compensation payouts can finally begin next year. They made the comments after ...

The District Court of Nicosia dismissed a case brought against the Bank of Cyprus, the Central Bank and the Republic of Cyprus for the haircut on deposits during the financial ...

Individuals or entities who sued the Central Bank of Cyprus (CBC) over bonds linked to Bank of Cyprus or former Laiki bank relating to the 2013 financial crisis may be entitled ...

The Nicosia District Court threw out a case on Wednesday brought against the Bank of Cyprus for the haircut on depositors’ savings in 2013, an announcement said. In their decision, the ...

Startup-focused lender SVB Financial Group SIVB.O became the largest bank to fail since the 2008 financial crisis on Friday, in a sudden collapse that roiled global markets, left billions of ...

Socialist party Edek on Monday welcomed a recent court ruling in favour of a bondholder whose life savings got wiped out during the 2013 financial meltdown. In a statement, the party ...

The foreign ministry has confirmed that during the financial crisis in 2013, presidential candidate Nikos Christodoulides received a foreign posting allowance for months after the former diplomat was relocated to the ...

In the aftermath of the global financial crisis central banks substantially lowered interest rates to support the recovery of their economies. In fact, the ECB by September 2015 had reduced its ...