Bank of Cyprus executive loses his job

The Chief Executive of the Bank of Cyprus, Yiannis Kipri, has been fired by the country's Central Bank.

A branch of the Bank of Cyprus
A branch of the Bank of Cyprus Credit: Reuters

Read: Bank of Cyprus chairman submits his resignation

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UK customers escape bank levy

Around 15,000 savers in the UK arm of stricken Cypriot bank Laiki will see their deposits protected under British rules and will escape the Cyprus banking levy.