Banking and Finance

Some Turkish banks are curtailing corporate lending after the government’s latest raft of regulations raised their costs and forced many to cut their balance sheet risks, five banking and ...

Lebanon’s central bank said it has entirely ceased providing dollars for gasoline imports in a move that will likely lead to higher and more volatile prices as well as ...

The euro jumped to a more than three-week peak versus the dollar on Monday, and sterling rose to the highest this month as European Central Bank officials pushed the case ...

European Central Bank policymakers see a rising risk that they will have to raise their key interest rate to 2 per cent or more to curb record-high inflation in the euro ...

Visa Inc (V.N), the world’s largest payments processor, said on Saturday it will implement a new merchant category code for US gun retailers, which will identify transactions at ...

The Turkish central bank’s foreign currency reserves are getting stronger as friendly countries are providing support, President Tayyip Erdogan said, broadcaster Haberturk reported on Friday. The central bank’s ...

By Ioannis Tirkides In a previous article, we published in these pages, titled, ‘A new era of monetary policy is just beginning’, we discussed the changing monetary landscape in the ...

Association for the Protection of Borrowers (Syprodat) this week welcomed the Central Bank of Cyprus’ call for tenders for a project to digitally verify the data of bank clients. The ...

Member firms of Ernst & Young (EY) in the Greater China region will not participate in a global plan by the professional services firm to split its audit and consulting ...

The Bank of England on Friday postponed next week’s interest rate decision following the death of Queen Elizabeth, its first delay to a monetary policy meeting since the central ...

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 ...