Hellenic Bank sees profit of €40 million after tax for nine-month period
Hellenic Bank saw profit of €40 million after tax in the first nine months of this year (to September 30), according to a statement released...
Banking and Finance
UK mortgage approvals jump to 13-year high
British lenders approved the highest number of mortgages in over 13 years in October, according to a report released by the Bank of England released...
Dollar hits two-year low; euro jumps to 3-month high
The dollar fell to a more than two-year low on Monday and is set to log its largest monthly fall since July, as a combination...
Pound faces ‘chaos’ next year – analyst
Dollar weakness has shored up the British pound this week, analysts said, but Brexit, combined with an expected push by some Scottish leaders for independence...
Green bonds: For the small investor, not easy being green
About 10 years ago, the World Bank issued the first green bonds. The idea was to finance sustainable projects and businesses, ones that have a...
Facebook’s Libra gets ready for launch in early new year
Facebook’s Libra cryptocurrency is readying to launch as early as January, the Financial Times reported on Friday, citing three unidentified people involved in the project....
Bank of Cyprus steers into profit in Q3 with revenue of €137mn
The Bank of Cyprus announced a profit of €4 million in the third quarter of this year, with operating profit at €44 million and revenue...
UK banks face losing access to Europe with or without Brexit deal
European Union assessments of whether to grant market access for UK banks and other financial firms will not be completed in time for January, sources...
Qatar makes major investments in Turkey; ‘growing partnership’ says Emir
Qatar late on Thursday announced a series of investments in Turkey, as Qatar’s Emir, Sheikh Tamim bin Hamad al-Khalifa tweeted that the two countries have...
Have coronavirus vaccines killed the gold rally? Probably not, analysts say
Gold has tumbled from record highs as investors, eyeing an end to the coronavirus pandemic, move money to riskier assets. But while some analysts now...
Start your new bank account with Google
Google has made a tremendous incursion into retail banking through its Google Pay app. The app previously could only make and receive payments, but, as...
Gold moves higher; dollar struggles, pound is weak on Brexit concerns
Gold edged higher on Monday, as a softer dollar and hopes of further U.S. monetary stimulus offset optimism over the quick rollout of a COVID-19...
Banking institutions of the future – a challenging road ahead
By Andreas Charalambous and Omiros Pissarides About a month ago we wrote an article about the challenges facing banks today*. In the present article, we...
Alpha Bank finds buyer for £10.8 billion non-performing loans
Greek lender Alpha Bank ACBr.AT is in talks to sell off its portfolio of non-performing loans. Greece has the highest bad-loans ratio in the European Union....
Negative yields sweep across Europe’s bond markets
Investors must pay governments to hold their debt Europe’s pile of negative-yielding government bonds is at its highest ever and looks set to grow. Refinitiv...
“Cyprus should lead — not follow — in finance” – Amathus Capital
“For a long time, Cyprus has followed the lead of other financial centres; now, there is a unique opportunity to become more of a frontrunner...
Turkish central bank raises interest rates to 15% from 10.25% — lira gains ground
The Turkish central bank on Thursday raised key interest rates to 15 per cent from 10.25 per cent, in a move that met analyst expectations...
Gold price higher, up 23% this year
Gold prices inched lower on Thursday, as a firmer dollar and progress in COVID-19 vaccine developments offset concerns over spiking virus cases in the United...
Insurers seek to escape billions in COVID-19 payments
Insurers are trying to escape billions in liability for pandemic-related business losses with counter-intuitive arguments that go against the essential purpose of insurance, Britain’s markets...
Mixed signals from Turkey push lira to 9.12 against euro
Turkish President Recep Tayyip Erdogan sent mixed signals to investors last week, and markets reacted by taking some pressure off the Turkish lira, which rose...
