Banking and Finance

Britain’s main share index held steady on Monday, with investors buying into defensive stocks as talks of more sanctions against Russia over its invasion of Ukraine kept risk appetite ...

The rouble has staged a lightening-fast recovery to levels last reached in the days before Russia invaded Ukraine, defying predictions that the war would launch it into freefall. The dramatic ...

Banks should beware of fake news that could trigger a run on their deposits, the European Union’s banking watchdog said in a warning on Friday about potential fallout from ...

Cyprus’ government deficit fell to €465 million at the end of the previous year, reflecting a reduction of €463.87 from 2020, according to a financial report released by the treasury this week. The ...

The dollar extended a rebound versus major peers on Friday ahead of a key US jobs report that could help the Federal Reserve decide whether to make an interest rate ...

Banks in Britain have warned the government that a plan to ban all Russians from holding more than 50,000 pounds ($65,430) in their accounts is illegal and unworkable, five sources said. When ...

Russia’s central bank said on Friday it was softening restrictions on foreign fund transfers for individuals for a six-month period. The bank said the measures, which raise an earlier ...

MUFG Investor Services, a leading company dealing in administration, asset servicing, banking and fund financing, announced on Thursday the opening of a new operational centre in Limassol. The company, which ...

The Bank of Cyprus on Thursday announced that, as part of its efforts to enhance security through technological solutions, will now notify its customers by push notifications and not by ...

Financial sanctions imposed on Russia threaten to gradually dilute the dominance of the US dollar and could result in a more fragmented international monetary system, Gita Gopinath, IMF’s First ...

European stocks were little changed on Thursday, holding near recent one-month highs but set for the biggest quarterly drop since the start of 2020, while oil prices fell and eastern Ukraine ...

The Kremlin indicated on Wednesday that all of Russia’s energy and commodity exports could be priced in roubles, toughening President Vladimir Putin’s attempt to make the West feel ...

Cypriot telecommunications company Cyta on Wednesday announced the start of operations on the Arsinoe optical fibre subsea cable system. “Arsinoe strengthens the role of the organisation and, by extension, Cyprus ...

Although most of the 370 employees of RCB bank are set to be made redundant once its transformation into an asset management company is completed, there is uncertainty about when and ...

Saudi Arabia has deposited $5 billion in Egypt’s central bank, the Saudi state news agency reported on Wednesday, as the Egyptian economy faces new economic pressures as a result of ...

US sanctions against Russia should hasten a move by some countries to reduce their reliance on the US dollar, which could also soften demand for Treasuries just as the Federal ...

Lebanese central bank governor Riad Salameh is a suspect in a case the European Union’s criminal justice agency said on Monday had led to the freezing of some 120 million ...

Worrying talk of a push to re-establish a bank which cost us all so dearly The trigger for writing this article was a discussion on Omega TV last week which ...

By Ioannis Tirkides The war in Ukraine and the sanctions will have profound effects on the Russian economy itself, will cause a geopolitical shift, and will certainly have serious macroeconomic ...

Lebanese banks will be allowed to sell the local currency for US dollars and vice-versa starting March 28, on the basis of the rate determined by the central bank’s “Sayrafa” ...

HSBC (HSBA.L) is shunning prospective Russian clients and declining credit to some existing ones, two sources with knowledge of the matter told Reuters, as the bank seeks to shield ...

By Yiannis Seitanides RCB Bank’s coordinated exit from the financial markets has entered the final stretch, with the supervisory authorities in Nicosia and Frankfurt managing a situation that could ...

RCB Bank on Thursday announced that it will cease operating as a bank and would become an asset management company. The bank cited the “ongoing and extremely volatile geopolitical situation” ...

Eurobank Cyprus on Wednesday announced that it posted a net profit of €52.3 million for 2021, boosting its profitability from the year before, while at the same time improving its asset quality ...