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Bank Head Resigns: Antreas Artemis, former CEO of Cyprus’ largest bank, stepped down on Tuesday, citing government interference with the Bank of Cyprus as his primary cause of departure. Banks throughout Cyprus remain closed on Tuesday, following a government ordered 48-hour delay of the previously scheduled return to semi-normalcy. Officials in Cyprus are working to verify that recently adjusted systems will function smoothly when banking operations resume, amid fears of a bank run in the recently bailed-out nation. Many in Cyprus have vehemently opposed the bailout plan, which will see steep levies on those who have more than 100 thousand euros in the bank. (Photo via EuroNews)

Bank Head Resigns: Antreas Artemis, former CEO of Cyprus’ largest bank, stepped down on Tuesday, citing government interference with the Bank of Cyprus as his primary cause of departure. Banks throughout Cyprus remain closed on Tuesday, following a government ordered 48-hour delay of the previously scheduled return to semi-normalcy. Officials in Cyprus are working to verify that recently adjusted systems will function smoothly when banking operations resume, amid fears of a bank run in the recently bailed-out nation. Many in Cyprus have vehemently opposed the bailout plan, which will see steep levies on those who have more than 100 thousand euros in the bank. (Photo via EuroNews)

March 26, 2013 // 16:04 // 1 year ago
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