Bank of Cyprus to sell Laiki insurance legacy
Bank of Cyprus announced on Tuesday it has signed a binding agreement to sell its entire shareholding of 49.9 per cent in CNP Cyprus Insurance...
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Laiki owner fixed job for ex-CBC chief’s former son-in-law
The former son-in-law of ex-Central Bank (CBC) governor Christodoulos Christodoulou who is accused of taking €1m to turn a blind eye to the takeover of...
Fund to help Laiki depositors to be voted this week
The bill establishing a Solidarity Fund will be brought to the House plenum by the end of the week, MPs said on Tuesday. “One way...
Irregular transfers highlighted in ongoing Focus case
The compliance department at Laiki Bank gave the okay for some €1m to be transferred to an account belonging to the son-in-law of former central...
Parliament to vote on fund for depositors
Parliament will vote on Friday on a Solidarity Fund to provide aid to Laiki depositors affected by the 2013 bail, the depositor’s group Sykala announced...
Cyprus collects €5m in legal expenses from Marfin win
The Republic has collected the €5m recently awarded to it for legal expenses in a case it won against a Greek investment firm at the...
Arbitration ruling in Laiki case vindicates central bank
By Stelios Orphanides The Central Bank of Cyprus said that it feels vindicated for its action with respect to Laiki Bank after the International Arbitration Court...
Arbitration court dismisses Vgenopoulos’s €1.1bn claims (Updated)
By Stelios Orphanides Attorney-general Costas Clerides said that an arbitration court ruled that Cyprus had not violated any of its obligations stipulated in a mutual...
Criminal court reopens Laiki case
The Laiki trial took another twist on Tuesday after the Nicosia criminal court – which was expected to announce its verdict on the day –...
Court vindicates Laiki bondholder, compensation source unknown
By Stelios Orphanides A Cypriot court has ruled in favour of a bondholder, who had been talked into investing his deposits in contingent convertible bonds...
Former Laiki exec says he’s been made a scapegoat
By George Psyllides A former Laiki Bank executive on trial for the lender’s collapse in 2013, said Monday he and other defendants have been made...
Prosecutors establish prima facie case in Laiki trial (Updated)
The Nicosia criminal court unanimously decided on Wednesday that former Laiki Bank executives have a case to answer to in connection with market manipulation and...
Ex central bank boss without lawyer in court
By Evie Andreou Former Central Bank governor Christodoulos Christodoulou who is a defendant in the Focus corruption case is expected to file a request to Nicosia Criminal...
Laiki gets offer for stake in Malta’s Lombard Bank
By Stelios Orphanides The administrator of the defunct Cyprus Popular Bank has received an offer from a Maltese fund to buy its stake in Malta’s...
Laiki’s declining goodwill value not disclosed, court hears
By late 2011 Laiki Bank had sustained a decline in its goodwill value of at least €330 million, a fact not disclosed in filings to...
New pre-trial objections lodged in Focus case
Fresh pre-trial objections were raised Thursday in the case relating to the alleged bribery of the former head of the Central Bank to turn the...
Former Laiki CFO says financial results inaccurate
Laiki’s former CFO Annita Philippidou told a court on Tuesday how then-CEO Efthimios Bouloutas thwarted attempts to incorporate into the lender’s financial results a writedown...
Criminal case against Laiki opens
Police sergeant Chrysostomos Christou, a member of the three-person team investigating a case of market manipulation involving four former Laiki Bank top officials, was the...
‘Funds falling from the sky’ for everyone except us, bondholders, depositors say
Disy’s decision to submit together with the Citizen’s Alliance a legislative proposal to set up a compensation fund for victims of the 2013 banking and...
Former Laiki chiefs plead not guilty to mismanagement
Four former top officials at Laiki Bank on Thursday pleaded not guilty to charges of mismanagement at the now-defunct lender. Former bank CEO Efthymios Bouloutas,...
