Banking and Finance

The European Central Bank kept borrowing costs at record highs on Thursday but took a first, small step towards lowering them, saying inflation was easing faster than it anticipated only ...

Once hurt by crises and deflation, the euro is gaining popularity among central bank reserve managers thanks to a return to positive rates and geopolitics challenging king dollar’s appeal. ...

Decisions on 60 per cent of corporate loans issued by Russia’s top lender Sberbank (SBER.MM) will be made using artificial intelligence (AI) by the end of this year, CEO ...

Britain’s government needs to do a better job of monitoring risks posed by its sales of bonds which have surged after a string of shocks to the economy, a ...

The year 2023 marked the highest annual inflows since the establishment of the state-owned asset management company Kedipes in 2018, according to statements made on Tuesday by chairman Lambros Papadopoulos. As of ...

The Central Bank of Cyprus (CBC) this week issued a new directive regarding the operation of the central registry of information for issuers of bounced cheques, aiming to refine existing ...

Cyprus saw a substantial 47 per cent increase in the issuance of new loans during the first month of the year, according to a report released this week by the Central ...

The European Central Bank meets on Thursday, with markets eyeing any nudge towards an interest rate cut as inflation weakens. The ECB, expected to hold rates at a record 4 per ...

Spain’s Banco Santander SA (SAN.MC) has cut roughly 320 jobs in the US as it seeks to focus more on digital operations, Bloomberg News reported on Sunday citing a ...

The Central Bank of Cyprus (CBC) on Monday released a report revealing a decline in deposit interest rates in January 2024, alongside a mixed picture in interest rates for key loan ...

Imagine yourself in a financial bind, needing quick cash to cover an unexpected expense. This scenario, all too common, leaves many people considering an option typically considered as a last ...

Chair of the Single Resolution Board Dominique Laboureix has commended Cypriot banks for their progress in aligning with the Minimum Requirements for Own Funds and Eligible Liabilities (MREL). It should ...

Here are the top business stories in Cyprus from the week starting February 26: The Cyprus Marine Club (CMC), a renowned non-profit organisation that plays a pivotal role in bringing together ...

The Central Bank of Cyprus (CBC) and the Bank of Greece (BoG) on Friday signed a Memorandum of Cooperation during a ceremony held in Nicosia. The signing ceremony took place ...

In a marathon session that extended into the early hours of Friday, the House unanimously approved the budget of the Cyprus Stock Exchange (CSE) for 2024. At the same time, the ...

The Central Bank of Cyprus (CBC) and the Bank of Greece are set to sign a Memorandum of Cooperation, formalising collaboration in specific areas such as resilience exercises, as well ...

The Cyprus Securities and Exchange Commission (CySEC) this week held an event with the Hellenic Capital Market Commission (HCMC), during which they discussed the challenges facing European markets. The event, ...

The European Central Bank will continue putting a “floor” under market interest rates in the years to come, but banks will play a greater role in deciding how much liquidity ...

Hellenic Bank on Thursday announced the launch of a specialised account designed for individuals aged 18 to 25, acknowledging the specific financial needs of the youth. The bank explained that the account, ...

New traders often think that creating an account on a crypto trading platform is a complex procedure. They often become confused about which type of account will be the most ...

On fate trades like the Chicago Mercantile Exchange (CME) and the Multi Commodity Exchange (MCX), silver is traded as an item. The vendors of Skyion Group can exchange silver possibilities ...

European banks are set to hand investors a record 120 billion euros ($130 billion) in dividends and share buybacks this year, analysts say, returning more of the profits reaped from a period ...

In volatile investments, currencies attract traders seeking profits. The global economy’s constant fluctuation makes currency selection challenging. With the right knowledge, investors may capitalize on market trends. This extensive ...

Bank lending to companies and households in the eurozone stagnated last month, indicating the bloc’s long-awaited economic recovery has yet to gain traction, European Central Bank data showed on ...