Banking and Finance

For global financial markets, the second year of the COVID pandemic has been nearly as dramatic as the first. The stocks bulls have stayed firmly in charge, surging energy and ...

UK’s FTSE 100 ended 2021 with its best annual performance in five years on the back of gains in commodity-linked and industrial stocks although the index fell in Friday’s holiday-thinned ...

Emerging market stocks broke a two-year winning run, but were set to end the last day of 2021 on a positive note on Friday boosted by China shares, while Turkey’s ...

Sterling hit its highest level against the euro since the end of February 2020 as easing concerns about the economic impact of the pandemic boosted risk-on currencies, while analysts expect more ...

The current account balance of Cyprus and its international investment position improved in the third quarter of 2021, according to provisional data released by the Statistics Department of the Central Bank ...

Eurobank announced this week the acquisition of an additional 2.7 per cent stake in Hellenic Bank, raising its total share in the Cypriot bank to 12.6 per cent. Eurobank acquired approximately 11.19 million ...

The Ministry of Finance on Wednesday responded to the criticism of the last few days about the increase in bank charges and calls for its intervention, making it clear that ...

The Turkish lira weakened for the third consecutive day on Wednesday, tumbling 5 per cent and eating further into the huge gains made the previous week, as worries persisted over soaring ...

In May, San Diego-based Emily was feeling flush from a year of double-digit gains earned from trading stocks. Equity options, which some fellow stay-at-home investors were dabbling in, would juice ...

The decision of Cypriot commercial banks to impose new charges on clients has sparked a fierce reaction from customers, trade unions, some political parties and interest groups. In the case ...

Workers at BNL, the Italian arm of French banking group BNP Paribas (BNPP.PA), went on strike for the first time since the 1990s on Monday in protest at back ...

The Bank of Cyprus Borrowers Association (Syprodat) on Monday called for an immediate reaction from the central bank and from parliament over plans by the commercial banks to hike their ...

Loan restructurings in the Cypriot banking system edged close to €2 billion in the first ten months of 2021, marking the highest figure according to Central Bank of Cyprus (CBC) records which ...

Turkey’s Financial Crimes Investigation Board (MASAK) imposed an 8 million lira ($751,314) fine on the local unit of cryptocurrency exchange Binance over violations found during liability inspections, the Anadolu news agency ...

A Danish woman was remanded in custody on Wednesday over her alleged involvement in a money laundering case in which more than 30 billion Danish crowns ($4.5 billion) was channelled through Danske ...

Cyprus has seen a 67 per cent increase in full-time researchers during the previous decade, according to a report released earlier this month by Eurostat, the statistical service of the European ...

Turkey’s lira was on track for its strongest week on record on Friday, having spiked 44 per cent with the support of billions of dollars of state-backed market interventions and ...

European shares ended on Wednesday at near one-week highs, led by gains in technology and industrial stocks, even as investors worried about the outlook for global recovery amid a rise ...

Turkey’s economy grew 7.4 per cent year-on-year in the third quarter, meeting expectations on the strength of retail demand, manufacturing and exports, official data showed on Tuesday, though it did ...

The burning issue of inflation was the subject of an online event held last Wednesday by the Cyprus Association of Economists (EOK) titled ‘Price Rises: Inflation Principle or Something Else?’. ...

A unit of NatWest Group (NWG.L) on Tuesday agreed to pay about $35 million and pleaded guilty to wire and securities fraud in relation to a long-running scheme by some ...

Turkey’s lira rocketed back from record lows in volatile trading on Tuesday after Turkish President Tayyip Erdogan proposed measures to protect local currency savings against such swings. Erdogan introduced ...

British public borrowing nearly halved in the first eight months of the 2021/22 financial year compared with a year earlier when finance minister Rishi Sunak was deep in his emergency pandemic ...

The Cyprus Investment Funds Association (CIFA) announced on Monday that the investment fund sector enjoyed significant growth during 2021, with the total amount of Assets under Management (AuM) increasing by 48.7 per ...