Reuters reports that a new Bank of Cyprus chairman has been installed:
Dinos Christofrides told Reuters he had been appointed on Monday night by the Central Bank of Cyprus, saying he would oversee "the restructuring of the bank and the absorption of part of Cyprus Popular Bank".
"It means that from now until further notice I will be running the bank," he said. "It could be short term ... or it could be longer."
Meanwhile, protestors take to the central bank:
Ok they've now decided to march on the Central Bank. Time to Panicos, Mr Demetriades. twitter.com/faisalislam/st…— Faisal Islam (@faisalislam) March 26, 2013
Hundreds stream from BoC HQ with "Go away Demetriades" signs to protest at the Central Bank. Handily it's next door twitter.com/faisalislam/st…— Faisal Islam (@faisalislam) March 26, 2013
The staff are giving their full support to their management... Bosses told them things were changing constantly, heartened by staff support— Faisal Islam (@faisalislam) March 26, 2013