Wilbur Ross,well know buyer of distress asset,is buying stock in the Bank of Cyprus.Of course,a few years ago the bank had liquidity problem,deposit over 100,000 euros where siege,evently the deposers were given stock in the bank.
Curiously in these time most sieges of deposit where from Russian.The Bank still has close relation with Russian,indeed,it's branches are only in Cyprus and Russian.
Interest the other day a Russian Steel company sold two plants in America to Steel Dynamic(an American Company started by Mitt Romney) for over 2 billion dollar.Now why did the Russian company do that? Maybe Putin want to move in wood have less asset out the country,or maybe the owner want to get there money out and put it in foreign bank say the Bank of Cyprus.
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