“The chief executive of the Bank of Cyprus, the island’s biggest lender, has been sacked by the central bank governor as part of an international bailout deal, state media said on Wednesday.  Yiannis Kypri was fired on the instructions of the so-called troika of the European Union, European Central Bank and International Monetary Fund, the Cyprus News Agency (CNA) reported.  It said his departure was ordered as part of the restructuring of the Bank of Cyprus under the bailout deal, which involves the bank absorbing the remains of Laiki, the second biggest bank in Cyprus that has been wound down.”

http://www.rawstory.com/rs/2013/03/27/bank-of-cyprus-head-fired-under-bailout-deal/

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