Bank of Cyprus administrator installed as protestors take to the central bank

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: