Cyprus largest bank fined over Greek bond buys

NICOSIA, Cyprus (AP) Cyprus' largest bank and six former officials have been fined over the purchase in 2010 of 2.4 billion euros ($3.26 billion) worth of junk-rated Greek government bonds. The Securities and Exchange Commission on Friday slapped Bank of Cyprus with a 160,000-euro fine for failing to promptly inform investors of the risky bond purchases in January and April of 2010. The bank's ...

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