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All reports tagged with: "default"

Coops to offer defaulting borrowers a discount

The Cooperative Central Bank is to offer a scheme enabling borrowers to receive a discount of up to 50 per cent on unsecured, terminated loans that have not been serviced for 1,000 days.

Robbed by property fraud

Liberal Democrat MP Andrew Stunell raised the case of a constituent who had been subject to property fraud in Cyprus following the default of Alpha Bank and has asked for a meeting about the issue.

Risk of Cyprus default “material and rising”

Cyprus faces a “material and rising risk” of defaulting on its sovereign debt, especially if the euro zone and International Monetary Fund do not come up with aid, rating agency Standard & Poor’s said on Wednesday.

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