Banking and Finance

Nearly 12 months ago, Turkey’s central bank embarked on a rate-cutting cycle in the face of soaring inflation, defying traditional monetary policy and running against a global trend of rising ...

Ernst & Young (EY) said on Thursday it was planning to split its audit and consulting units into two companies, as the professional services firm looks to ease regulatory concerns ...

3D Global, a financial services and wealth management advisory firm headquartered in Limassol, has gone from strength to strength according to its new CEO. The company recently announced that founder ...

The bank employees union Etyk this week announced that it has reached an agreement with the Association of Cyprus Banks for the renewal of their collective agreement. Etyk said that ...

The European Central Bank will raise interest rates again on Thursday to fight runaway inflation and, with a big move and a record one under consideration, the only question is ...

Rating agency S&P Global Ratings this week announced that it has revised upwards its long-term issuer credit rating on the Bank of Cyprus (BoC) to ‘BB-‘ from ‘B+’, ...

Some of Europe’s biggest banks are preparing back-up generators and to dim the lights as they brace for potential power cuts and energy rationing that threaten the money system ...

Private equity firm Lone Star, in a statement issued on Tuesday to the London Stock Exchange, said that it is considering its options in terms of submitting a revised offer ...

The Central Bank of Cyprus (CBC) on Tuesday announced that it has recorded a tightening of lending criteria, combined with a decline in net demand for loans, during the second ...

The hit to the euro zone economy and its currency from a deepening energy crisis is so severe that more aggressive monetary tightening from the European Central Bank will do ...

Credit Suisse (CSGN.S) will expand in Qatar via a partnership with the Gulf country’s Investment Promotion Agency (IPA Qatar), the Swiss bank said on Monday. It will create ...

Sterling plumbed a fresh post-pandemic low on Monday as Russia kept one of its main gas supply routes to Europe shut, adding to recession fears on the day that Britain ...

As the Bank of Cyprus continues efforts to steer customers away from its branches, it on Monday reminded customers they can deposit a cheque themselves using the bank’s app. ...

Cyprus borrowed heavily with low-cost bond issues to finance their excessive current expenditures Economic and financial crises in the euro area are fast developing. With supply-side problems most strikingly reflected ...

President of the European Central Bank (ECB), Christine Lagarde, will be in Cyprus next month. This will be her second visit to the island this year. This time the President ...

There was an increase in lending rates and a decrease in new loans in July 2022, according to a report released this week by the Central Bank of Cyprus. According to ...

Finance bosses are offering more incentives, including free meals, ping pong and “contemplative spaces” as they battle to get staff back to the office, while concerns about the cost and ...

Standard Chartered (STAN.L) and FairPrice Group on Thursday rolled out their digital bank focusing on Singapore’s retail segment, a move that comes on the heels of digital bank ...

The Turkish central bank’s net international reserves fell $1.26 billion to $12.62 billion in the week to Aug. 26, central bank data showed on Thursday. The exchange rate used by Reuters on ...

An accelerating decline in bond markets is bringing fresh pain for fixed income investors in a year when global bonds have already lost a fifth of their value. Yields on ...

The International Monetary Fund told the Lebanese state on Thursday its banking secrecy law has not resolved “key deficiencies,” urging officials to make new changes to their first attempt at ...

Russia’s banks lost a combined 1.5 trillion roubles ($24.95 billion) in the first six months of 2022, a top official at Russia’s central bank said on Friday in an interview with ...

The fiscal accounts of the general government generated a surplus of €141.8 million for the period of January – July 2022, marking a sizeable improvement compared to a deficit of €711 million in the ...

The Central Bank of Cyprus (CBC) has issued a call for tenders for a project to digitally verify the data of bank clients. The successful bidder will get the contract ...