Bank of Cyprus

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Manafort Had Murky Dealings Routed Through Cyprus: Report

Treasury investigating ex-Trump campaign chief's offshore financial transactions

(Newser) - US Treasury Department agents have recently obtained information about offshore financial transactions involving President Trump's former campaign chairman, Paul Manafort, as part of a federal anti-corruption probe into his work in Eastern Europe, the AP reports. Information about Manafort's transactions was turned over earlier this year to agents... More »

Big Cyprus Depositors May Lose 60% of Money

That's way higher than first reported

(Newser) - They call it a "haircut," but it's more like a scalping now. The Bank of Cyprus might end up taking 60% of the money held by rich depositors—about double previous estimates —reports the Financial Times . As part of the bailout deal, the bank will first... More »

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