Friday, November 1, 2013

Bank of Cyprus outlet mall bought Greek bonds to it as a result of the Greek crisis caused losses o

The largest Cypriot bank delete your data | Finweb.sk
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1 hour ago
Information on unfair purchases of Greek bonds Bank of Cyprus missing.
The top computers Cyprus banks are missing key data on past investments in bonds, which caused her high losses. The records of the Bank of Cyprus are large gaps and some of the computers was found software for erasing data.
Bank of Cyprus outlet mall bought Greek bonds to it as a result of the Greek crisis caused losses of around 1.9 billion euros. outlet mall Depositors who have in the bank saved more than one hundred thousand euros, they come because of the Cyprus' haircutu "by about 60%. Of this money, and the corresponding share of deposits over one hundred thousand euros in Laiki Bank uses the Cypriot government billions of euros to rescue its own. Another ten billion outlet mall received from the EU and IMF, which in Cyprus is very unpopular "haircut" outlet mall given as a condition.
Informed the Cyprus Mail website, the information provided by Bank of Cyprus were incomplete and some computers found special software for erasing data. Significant gaps in the records relating to the period between 2007 and 2010. It is not yet clear whether outlet mall the records were erased deliberately or inadvertently. outlet mall However, there are signs of mass deleting data.
Alvarez & Marsal with a mandate to investigate the Cyprus Central Bank and the second largest local bank Laiki to be merged with the restructuring of the Bank of Cyprus. "The investigation will continue and will focus on purchases of Greek government bonds Laiki Bank, Laiki Bank expansion outlet mall outside Cyprus, as well as the roles and responsibilities of the various parties," she said on Friday the central outlet mall bank.
According to the BBC Cypriot media have available a full report of Alvarez & Marsal highest island state bank, which, however, did not publish yet. Besides buying outlet mall Greek bonds is also focused on the operations of the Bank of Cyprus, Romania and Russia. Management consulting firm received the Cypriot parliament and the public prosecutor Petros Clerides. The Cypriot government has created a special outlet mall judicial panel which has to explain what led to the financial crisis the country and where the error occurred.
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