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G4S Readies Guards as Cypriot Banks Prepare to Open

Posted By yihan On March 27, 2013 @ 11:20 am In Featured Stories,Tile | Comments Disabled

Reuters [1]
March 27, 2013

A British security firm that transports cash for Cypriot banks is working round the clock, sending teams out with police protection to stock bank machines and readying guards for when banks reopen on Thursday.

The world’s largest security firm, G4S [2], moves cash and will provide guards for Cypriot lenders including Bank of Cyprus [3]and Cyprus Popular Bank [4], the two biggest, which are to be combined and see large depositors’ accounts frozen under a bailout agreed at the weekend.

Cypriot banks have been shut for more than a week while the government worked out the bailout and will stay closed until Thursday to prevent a run. Meanwhile, Cypriots have been queuing to withdraw cash from automatic teller machines, with limits at some shrinking down to 100 euros a day.

Full story here. [1]


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URL to article: http://www.prisonplanet.com/g4s-readies-guards-as-cypriot-banks-prepare-to-open.html

URLs in this post:

[1] Reuters: http://www.cnbc.com/id/100594872

[2] G4S: http://data.cnbc.com/quotes/GFS-GB

[3] Bank of Cyprus: http://data.cnbc.com/quotes/BOCY-CY

[4] Cyprus Popular Bank: http://data.cnbc.com/quotes/CPB-CY

[5] Cyprus Banks Close Until Thursday to Prevent Bank Run: http://www.prisonplanet.com/cyprus-banks-close-until-thursday-to-prevent-bank-run.html

[6] Convoy Of Trucks Reportedly Hauling Tons Of Fresh Euros As Cyprus Banks Prepare To Reopen: http://www.prisonplanet.com/convoy-of-trucks-reportedly-hauling-tons-of-fresh-euros-as-cyprus-banks-prepare-to-reopen.html

[7] Cypriot Business Owner: The Germans Want To Destroy Us Like They Bombed London In WWII: http://www.prisonplanet.com/cypriot-business-owner-the-germans-want-to-destroy-us-like-they-bombed-london-in-wwii.html

[8] ECB To Set “Fair” Cypriot Standard Of Living Via Capital Controls: http://www.prisonplanet.com/ecb-to-set-fair-cypriot-standard-of-living-via-capital-controls.html

[9] Iran’s Revolutionary Guards prepare for war: http://www.prisonplanet.com/irans-revolutionary-guards-prepare-for-war.html

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