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Bank Of Cyprus To Screw Russian Investors. Again.

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This time, it isn't the EU working over Cyprus.

The US is very unhappy with island's 'pro-Russian' stance.

Remember all the worthless shares in BoC that depositors were given at the time of the bail-in? (In exchange for 47.5% of whatever was stolen from their accounts.)

Now America wants to give investors peanuts for these shares . . . of which Russians hold far too many.

This means that the Cypriots "threw" the Russians twice. After all, the shareholders of the Bank of Cyprus they became voluntary-forced: after in favor of the EU and for the sake of financial aid authorities of the island in a crisis situation have decided on the actual seizure of all deposits in banks in Cyprus, exceeding the insured limit of 100 thousand. Euros. The authorities of the island in return promised to minorities golden mountain: Bank of Cyprus shares (the rate of 1 euro per share) in the future participate in certain strategic projects and partial compensation of losses, etc. Refuse - to lose everything. - See more at: http://bosfera.ru/bo/bank-kipra-pytaetsya-kinut-rossiyskih-investorov#sthash.FAn4lkzP.dpuf

"The opportunity for existing shareholders to buy 20% stake looks cynical sop to the board of directors, as international practice - is to provide pre-emptive right to purchase shares to existing shareholders." Its price is also not satisfied: the price of the new shares is 75% lower than that on which the Russians received shares and the fair price at book value now stands at 40-50 cents per share, he said. - See more at: http://bosfera.ru/bo/bank-kipra-pytaetsya-kinut-rossiyskih-investorov#sthash.FAn4lkzP.dpuf


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Your links are just coming out in Russian for me so no help. Not sure where the link with America comes from.

The story is that a bank went bust and uninsured depositors lost money. You have not presented anything to change that story.

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