✉news BusinessBanking first seen 10 h ago, last 9 h ago, peak #28
Central Bank of Cyprus fines Banque SBA €750,000
Original: Central Bank of Cyprus fines Banque SBA Cyprus €750,000 — Cyprus Mail
The Central Bank of Cyprus has imposed a €750,000 fine on Banque SBA Cyprus, according to the Cyprus Mail. The penalty makes the French-linked lender one of the more recent banks to face regulatory sanctions on the island. Details on the specific breach behind the fine have not been widely reported, and neither the bank nor the regulator has given a detailed public explanation so far.
Why now: The announcement of a significant regulatory fine against a bank operating in Cyprus is new financial-sector news.
Central Bank of CyprusBanque SBA CyprusCyprus
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