Etyk calls for pre haircut benefits to be restored
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 ...
‘Haircut’ victims given until end of month to apply for reimbursement
Depositors who lost their savings in the 2013 bank bail-in, commonly known as the “haircut”, have been given until the end of the month to file applications for reimbursement from the ...
Haircut victims demand meeting with finance minister
Depositors and bondholders who saw their savings wiped out in the 2013 bank bail-in conveyed on Tuesday their strong dissatisfaction with the terms of a compensation scheme, asking to meet the ...
AG files appeal against haircut ruling
The attorney-general on Tuesday filed an appeal over a Limassol District Court decision that last month awarded compensation to an individual in a 2013 Laiki Bank haircut case.
“In particular, the ...
Larnaca court rejects haircut suit
The Larnaca district court on Thursday rejected a case against the state and the Central Bank of Cyprus seeking damages for the losses during the 2013 haircut.
In the court’s ...
A bank for the ‘little’ people
The founding fathers of the Bank of Cyprus would surely be horrified at the turn of events.
“Thrift” and “savings” for little people were the Victorian watchwords in the 1890s.
...
Larnaca parents threaten action after suspensions
The suspension of around 50 students due to their haircuts from the Petrakis Kyprianou gymnasium violated current educational legislation and children’s rights, the Larnaca federation of parents and guardians of ...
House unanimously passes law to fast-track part of lost Laiki deposits
By unanimous vote, the House on Thursday passed legislation aiming to fast-track the return of at least part of the moneys that legacy Laiki’s depositors lost when the bank ...
BoC depositors see claim for compensation thrown out of court
A court has thrown out a lawsuit by depositors of Bank of Cyprus seeking compensation for the 2013 bail-in, where almost half of their uninsured savings were converted into shares.
In ...
State not responsible for losses suffered by Laiki customers, court rules
A court has ruled that the state has no responsibility for the bail-in imposed on depositors of Cyprus Popular Bank (CPB) in 2013, when the lender was wound down as part ...