Thursday 28 August 2014
 
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bank funds

Cyprus risks euro exit after EU bailout ultimatum

The European Union gave Cyprus till Monday to raise the billions of euros it needs to secure an international bailout or face a collapse of its financial system that could push it out of the euro currency zone. In a sign it was at

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Unicorn says former chief committed crimes

The former chief executive and founder of Bahrain's Unicorn Investment Bank committed 58 criminal offences, including misappropriating bank funds, an independent investigation by consultancy Deloitte concluded, Unicorn said on Tuesday.

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