Saxo Bank Closes Cyprus Office

https://smnweekly.com/2017/03/08/sax...-to-cut-costs/

wow.they close now.

According to the mass media this is caused by cost reductions and structural optimization.

they stopped the retail markets?

Apparently they will be shutting down their Turkish office as well. They announced they are leaving the Turkish market and are closing their local subsidiary Saxo Capital Markets Menkul Değerler A/Ş, as well as the Istanbul office. Instead, the broker will continue operations through local partnerships.