The Governing Council of the ECB will provide liquidity to the BoC in line with applicable rules.
FORBES: Links 25 March: Sense In Cyprus, How To Deal With Both Deposit Insurance And Moral Hazard
Knowing very little about liquid nitrogen I set off happily to BOC Gases intent on gettin' me some.
Only uninsured deposits in BoC will remain frozen until recapitalisation has been effected, and may subsequently be subject to appropriate conditions.
FORBES: Links 25 March: Sense In Cyprus, How To Deal With Both Deposit Insurance And Moral Hazard
The good bank will be folded into Bank of Cyprus (BoC), using the Bank Resolution Framework, after having heard the Boards of Directors of BoC and Laiki.
FORBES: Links 25 March: Sense In Cyprus, How To Deal With Both Deposit Insurance And Moral Hazard
"We've looked into the model and we're happy to continue supporting it on the basis that it is viable, " says Nick Rolfe, director of business development at BOC.
The Bank of China Group, which already has a secure online payment system for Visa cards, is developing another system for BOC's Great Wall card, as well as Visa and Mastercard.
The supposed King of monetary policy announcements, Governor Carney at the BoC is again in the limelight this morning as he brings down the Bank of Canada monetary decision announcement.
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In separate news, a China state bank has suspended FX swaps with UBS, Societe Generale, Credit Agricole, and BNP Paribas after those banks had reportedly reached their credit limits with the BoC.
FORBES: Stocks Perk Up On 'Operation Twist' Talk, Take Italy In Stride
Nevertheless, Spowers says there are buyers (or at least lessees) out there, and is looking for a small city council in Britain to launch a test run of 50 of his cars by 2012, partnering with BOC to pay for the fuelling station.
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