Banking and Finance

FC Barcelona, along with fellow Spanish LaLiga football teams Real Madrid, Athletic Bilbao and Osasuna have been ordered to repay millions in state aid., The European Court of Justice, the ...

Payments firm Square Inc agreed on Thursday to buy a majority stake in rapper Jay-Z’s Tidal music streaming service for $297 million in a deal that could popularize blockchain or ...

The United States on Thursday agreed to a four-month suspension of retaliatory tariffs imposed on British goods such as Scotch whisky over a long-running aircraft subsidy row, with both sides ...

Will the EastMed pipeline bypass Cyprus? by Dr. Charles Ellinas The Greek and Cypriot press abounds with news and denials that a new plan has emerged for the much-talked about ...

European Investment Bank survey has shown that 51 per cent of Cypriot firms have cut investment during the Covid-19 pandemic, well below the EU average of 45 per cent. The survey, which ...

Germany’s financial watchdog has filed a criminal complaint against Greensill Bank’s management for suspected balance sheet manipulation, according to people briefed on the matter, the Financial Times reported ...

Amazon.com Inc (AMZN.O) will open its first-ever physical store outside the United States on Thursday. It is a first step in a global plan for expansion that is ...

The future for Cyprus professional services is to use its vast know-how and experience in international markets, and to do this, planning is needed, Marios Klitou, CEO of Baker Tilly ...

Britain’s finance minister Rishi Sunak on Wednesday launched a new state-backed loan scheme for businesses hit by the COVID-19 pandemic, replacing existing programmes that have seen struggling businesses borrow ...

Cyprus on January 4 activated the beneficial owners register, thus completing the transposition of the 4th AML Directive (Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015 on ...

Germany’s financial watchdog has taken direct oversight of day-to-day operations at Greensill Bank, as the lender’s ailing parent company warned that its loss of $4.6 billion of credit insurance ...

Britain’s big four banks amassed more than £200 billion ($277.52 billion) of new deposits last year as customers reined in spending through pandemic lockdowns, far outstripping extra lending to struggling businesses ...

The market for Cyprus office real estate is forecast to fall 10 per cent to 15 per cent in aggregate office demand this year, reports Wire-FS, an independent real estate asset management ...

The world’s biggest central banks will happily live with higher inflation and investors now aggressively betting on a quicker end to monetary stimulus are all but certain to be ...

Bitcoin is forecast to become an important instrument in international trade, as well as a means to protect businesses from forex risk, according to a report released by Citigroup’s ...

Britain’s government plans to launch the world’s first sovereign green bonds for retail investors as part of its push to create a net-zero-carbon economy by 2050. The savings bonds ...

Much like an abandoned mansion that is falling apart from negligence, the Lebanese economy is decaying day-by-day as the ruling political parties stand by and watch. Unable to produce a ...

Wealth Innovative Solutions Bank of Cyprus, being the largest financial institution in Cyprus, has a long history of servicing the Wealth and the Asset Management Industry through its Wealth & ...

The 90-year-old billionaire on Saturday admitted he “paid too much” when his Berkshire Hathaway Inc spent $32.1 billion in 2016 to buy aircraft and industrial parts maker Precision Castparts Corp, its largest ...

We’re in the Vaccine Economy, and it’s risk-on again! Open up the laptop; there are some pretty good possibilities to turn €10,000 into a larger sum, and you don’...

For a small island, Cyprus has big ambitions. Having already established itself as a growing fintech centre, Cyprus has long recognised it must continually change and challenge itself to remain ...

Having started in financial services in London in the early 1990s, Mark Nowell has worked with high-net-worth clients across Europe and the Middle East. He is a registered European Financial ...

Born in Cyprus, Constantinides studied law in England, and took a Masters degree in international commercial law there. He then qualified in England for the Bar, and after some initial ...

Emilios Tannousis is the Manager Wealth Management at Bank of Cyprus. With an experience of almost 20 years in the Wealth and Asset management industry he is covering the Private Banking ...