Today: REUTERS - Administrator appointed to run Bank of Cyprus, Mar 26, 2013

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Mar 26, 2013

REUTERS - Administrator appointed to run Bank of Cyprus, Mar 26, 2013

"(Reuters) - The Central Bank of Cyprus has appointed a special administrator to run the island's largest commercial lender, Bank of Cyprus, which was saved from collapse by a painful bailout for the island agreed with international lenders on Sunday. Dinos Christofides, an accountant and banker with close to 40 years experience, told Reuters he had been appointed on Monday night, saying he would oversee "the restructuring of the bank and the absorption of part of Cyprus Popular Bank "."
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