Banking and Finance

A monthly guide to the world of venture investments news provided by the international angels community ICLUB In the June edition of the News Digest, we talk about the picks ...

Global stocks traded around their highs for the year on Thursday as investors bet that the Federal Reserve was finally taming inflation and could end its rate hiking cycle as ...

Global hedge funds not specialising in crypto assets have grown skittish from recent industry turmoil and this has lead to an exit from the sector, a survey showed on Tuesday. ...

Britain’s economy is so far proving resilient to a surge in interest rates over the past year and a half, but it will take time for the full impact ...

Headlined ‘The day after is already here’, the 15th Conference on Corporate Sustainability & Responsibility that took place featured Hellenic Bank, which remains committed to its goal of leading the ...

With the exception of Canada, countries with digital services taxes have agreed to hold off applying them for at least another year as a global multinationals tax deal to replace ...

Wall Street banks are expected to report higher profits for the second quarter as rising interest payments offset a downturn in dealmaking. For universal banks such as JPMorgan (JPM.N) ...

Saudi National Bank wanted to increase its stake in Credit Suisse to around 40 per cent from 9.88 per cent, but was prevented from doing so by Swiss regulator FINMA, Blick newspaper ...

Here are the top business stories in Cyprus from the week starting July 3: Cyprus’ tourism revenue reached €217.6 million in April 2023, compared to €185.1 million in the same month of the previous ...

New corporate loans exceeding €1 million experienced a significant surge, totalling €599.1 million, in May 2023, driving the total amount of all new loans to €1.07 billion, compared to €473.9 million in the previous month. ...

Deputy premier Saade Chami said on Friday that deputy governors of Lebanon’s central bank should run it if no governor is appointed by the end of the month, calling ...

Raiffeisen Bank International is delaying plans to leave Russia, three people familiar with its position said, as Austria steps up its defence of long-standing ties with Moscow. Raiffeisen (RBI), the ...

Debt is a very common problem that burdens many families, individuals and businesses. To acknowledge the importance of this phenomenon, this article explores some functional strategies to help individuals break ...

The governor of the Central Bank of Cyprus Constantinos Herodotou and the president of the European Banking Authority Jose Manuel Campa this week emphasised the potential for positive synergies between ...

A financial stream that helped fund the world’s riskiest companies and grew into a market estimated at $1.5 trillion in the low interest rate years is drying up, as aggressive ...

The liquidity and capitalisation of the Cypriot banking system are above the European Union average, while efforts on reducing non-performing loans are progressing well, the president of the European Banking ...

British banks faced fresh criticism on Monday for the savings rates they offer to cash-strapped customers, in the latest intervention by parliament’s influential Treasury Select Committee. The committee said ...

Credit counsellors provide credit counselling to help consumers with financial problems, from budgeting, insolvency, and property purchases to debt management. Given the weight, credit counselling is as important as financial ...

Turkey’s central bank said on Monday its monetary tightening process, which it began last month with a sharp post-election rate hike, is expected to continue until a significant improvement ...

The Cyprus general government recorded a fiscal surplus of €315.1 million, equivalent to 1.1 per cent of GDP, between January and May 2023, according to a report by the state’s statistical service. ...

UBS (UBSG.S) has gone on a US recruiting drive for wealth managers catering to rich Americans even as it considers culling 30 per cent of its combined global workforce after ...

Bond investors could be in luck for the rest of 2023 if market indicators signalling central banks will take policy tightening too far and tip their economies into recession prove accurate. ...

A total of 130 countries representing 98 per cent of the global economy are now exploring digital versions of their currencies, with almost half in advanced development, pilot or launch stages, a ...

Cyprus and global banking sectors are facing a cocktail of challenges that lead to radical change, banking expert Chris Davis told the Cyprus News Agency on Sunday, underlining that enhancing ...