Stockmarket suspends Hellenic shares following lender’s request (updated)
The stock market (CSE) said Monday it has suspended trading of Hellenic Bank shares at the lender’s request, as it expects its profit after tax...
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Government to give depositors, borrowers 25% in Co-op
The government has decided to hand over 25 per cent of the state-owned Cooperative Central Bank (CCB) to its customers free of charge, Finance Minister...
BoC Holdings shares to trade on LSE, CSE on Thursday
Bank of Cyprus said 446,199,933 shares of its Irish holding company will be floated on LSE on Thursday at a nominal value of €0.10 each...
Deutsche CEO tries to reassure staff as shares plunge
Deutsche Bank’s chief executive sought to reassure his staff on Friday that Germany’s largest lender remained robust, telling them that the departure of any hedge...
Two more BoC subsidiaries sell shares ahead of LSE listing
General Insurance of Cyprus, Bank of Cyprus’s subsidiary operating in the area of non-life insurance, sold on Wednesday a total of 3,260,445 shares of its...
Bank of Cyprus subsidiaries sell more than 1.4m shares at €0.15
Bank of Cyprus, the island’s largest lender, said that five affiliated companies sold 1,445,499 shares for €216,824, €0.15 each. The five companies are Les Coraux...
Mitsubishi Motors says it manipulated fuel economy tests (Updated)
By Naomi Tajitsu Mitsubishi Motors Corp admitted to manipulating test data to overstate the fuel economy of 625,000 cars sold in Japan, knocking its shares...
Ackermann buys another 1.5 million BoC shares
By Stelios Orphanides Bank of Cyprus chairman Josef Ackermann purchased 1.5 million shares of the lender on Friday at a price of €0.169, the bank...
Ackermann and BOC board members in share buying spree
By Stelios Orphanides Members of the board of Bank of Cyprus, including chairman Josef Ackermann, bought in the past few days packages of the lender’s...
Germany to retest VW cars as scandal pushes Berlin to act (Update 3)
By Andreas Cremer and Caroline Copley Germany is to retest all Volkswagen car models to gauge their genuine emissions levels after new revelations from the...
Wargaming reduces Hellenic Bank stake to 24.8%
By Stelios Orphanides Entertainment software developer Wargaming.net, one of Hellenic Bank’s major shareholders reduced its 26.21 per cent stake in the lender to 24.8 per...
BoC shares to resume trading on December 16
Bank of Cyprus shares will resume trading on the Cyprus Stock Exchange (CSE) on December 16. According to a CSE announcement the shares will be...
Closing of the Placing and Open Offer of BoC completed
THE closing of the Placing and Open Offer of the Bank of Cyprus Public Company Ltd successfully took place on Thursday, according to the bank....
War games and the banks
By Angelos Anastasiou IN A DRAMATIC last-minute intervention last November, reminiscent of plot twists found in Hollywood dramas, a highly profitable gaming company doled out...
BoC receives six-month extension from CySEC
The securities and exchange commission (CySEC) decided on Tuesday to extend the suspension of Bank of Cyprus (BoC) shares for a further six months until...
Bank of Cyprus shares to remain suspended until January
Bank of Cyprus shares will remain suspended until January 31, the island’s stock exchange said on Wednesday, after its shareholder structure was revamped by imposing...
BoC deposit haircut is 47.5 per cent, says Central Bank
The Central Bank said on Tuesday 47.5 per cent of deposits over €100,000 in Bank of Cyprus would be converted into shares to recapitalise the troubled...