Banking and Finance

By Elena Hadjidemetriou and Dr. Louisa Borg Haviaras What went wrong at Dankse Bank? In 2018, Denmark’s largest bank, admitted that its Estonian branch had moved more than $230 billion from ...

Eurobank on Friday announced the acquisition of a 9.9 per cent holding (40,800,000 shares) in Hellenic Bank, according to a statement released on Friday. It also announced entering into a share purchase ...

The European Central Bank pledged on Thursday to keep interest rates at record lows for even longer to boost sluggish inflation and warned that the rapidly spreading Delta variant of ...

Moody’s Investors Service (“Moody’s”) has on Wednesday upgraded Bank of Cyprus Public Company Limited’s (Bank of Cyprus) and Hellenic Bank Public Company Ltd’s (Hellenic Bank) long-term ...

Britain’s government on Thursday unveiled a blueprint for returning NatWest (NWG.L) to majority private ownership within a year, more than a decade since bailing out the lender at ...

Zurich-based EFG Bank, present in Limassol and Nicosia, saw IFRS net profit triple to CHF 106.5 million (€98.4 million) on CHF 629.3 million (€581.2 million) in revenue for the first half of 2021, according to ...

“I might pump, but I don’t dump,” said Elon Musk on Wednesday. “I definitely do not believe in getting the price high and selling … I would like to see ...

The public consultation on “Vision 2035: Long-Term Strategy for the Sustainable Development of the Cypriot Economy,” was launched on Wednesday. Speaking at the launch conference, Finance Minister Constantinos Petridis noted that ...

Moody’s Investors Service has affirmed RCB Bank’s deposit rating and upgraded its outlook from stable to positive in its newly published and updated press release on the Bank. ...

The UK will on Wednesday announce demands that are expected to violate post-Brexit trading arrangements between Great Britain and Northern Ireland. The Northern Ireland Protocol, agreed by the UK and ...

The European Commission on Tuesday proposed the creation of an anti-money laundering authority to clamp down on financial crime across the European Union (EU). “These are bold steps to close ...

Bitcoin fell on Tuesday to its lowest in almost a month, slumping below $30,000 as regulators continued calls for tighter checks on cryptocurrencies. The world’s largest cryptocurrency fell as much ...

Robinhood Markets Inc is targeting a valuation of up to $35 billion in its initial public offering in the United States, the company revealed in a Monday filing, setting the stage ...

The EU is firming up plans for a military mission to Libya in order to compete for influence with foreign powers there, the EUobserver reported on Monday. This is in ...

The Cypriot economy continues to recover after registering an impressive year-on-year growth rate of 11.2 per cent in June according to a report by the University of Cyprus Economic Research Centre. ...

Binance said on Friday it had stopped selling digital tokens linked to shares, as Hong Kong’s financial watchdog became the latest in a string of regulators to crack down ...

The Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC countries, known as OPEC+, agreed in an online meeting on Sunday to boost oil production by 400,000 barrels a day as ...

It’s Freedom Day in the UK, meaning that pandemic-related restrictions are gone, but Covid-19 cases in England are now the third-highest number in the world behind only Indonesia and ...

Syrian President Bashar al-Assad said on Saturday the main impediment to investment in the country was money stuck in ailing Lebanese banks. In a speech after being sworn in as ...

The Cyprus real estate market is finding its legs again, just as, across the globe, the housing market is booming – real estate investment is starting to make sense again. The ...

Two top Bank of England officials surprised investors this week by saying the time might be nearing for the British central bank to rein in the huge stimulus programme it ...

British-based banking app Revolut’s latest $33 billion valuation, achieved after a fresh funding round, has likely made its cofounder and Chief Executive Nik Storonsky a billionaire several times over. Russia-born ...

Cyprus’ path to recovery “must and will” be aligned to sustainable development goals` Finance Minister Constantinos Petrides has said. Speaking at the virtual UN High-Level Political Forum to present Cyprus’ ...

The head of the Financial Reporting Council, the UK regulator overseeing financial reporting, told the Financial Times that it had botched the handling of a series of business scandals that ...