Major hedge funds are showing interest in the Co-Operative Bank of Cyprus, including one headed by former Bank of Cyprus Vice Chairman and current US Commerce Secretary Wilbur Ross. It is too early to predict any deal since investor goals differ from each other and all would depend on final numbers at a later stage. ...
Cyprus Co-operative Bank will be healthier without a massive NPL problem. Already it has managed to cut down on the number of branches and reduce its staff, but now the big step is finding investors with the right kind of portfolio to move banking forward....
A joint Search and Rescue (SAR) Exercise, titled “CYPUK-01/18” was conducted on Monday, within the Search and Rescue Region and Exclusive Economic Zone of the Republic of Cyprus, with the participation of SAR Units and Personnel from the Republic of Cyprus and the United Kingdom....
