Banking and Finance

UBS (UBSG.S) said on Tuesday it would restart share buybacks and lifted cost-cutting targets, saying the integration of fallen rival Credit Suisse was on track, but higher expenses made ...

By year’s end Cyprus should have a national financial sanctions implementation unit, bringing the island up to speed with best practices in combating illicit finance, the finance ministry said ...

Here are the top business stories in Cyprus from the week starting January 29: In maritime affairs, the Cyprus Shipping Chamber (Kne) announced on Monday that it is marking 35 years of ...

The Commission for the Protection of Competition (CPC) approved on Friday Eurobank’s bid to acquire Hellenic Bank’s share capital. The decision was taken with a majority vote in ...

New lending in Cyprus remained stable during 2023, a reflection of an economic environment dominated by high interest rates, which also pushed loan restructurings to historically unprecedented levels. According to a ...

The Central Bank of Cyprus issued a warning on Friday regarding an entity by the name of “Neo Business Bank”, saying it does not hold the relevant licences to operate ...

The Central Bank of Cyprus (CBC) this week released a quarterly report showing that the interest rate on household deposits with a maturity of up to one year increased to 2.29 ...

The attorney-general’s office said Thursday it has appealed a ruling by Limassol district court that found in favour of depositors with now-defunct Laiki (Popular) Bank whose uninsured savings got ...

Finance Minister Makis Keravnos and Cyprus Central Bank (CBC) governor Constantinos Herodotou held a meeting on Thursday, discussing a potential decrease in interest rates by the European Central Bank (ECB) ...

The Non-Performing Loan (NPL) ratio in Cyprus remained unchanged at 8.3 per cent in November 2023, according to a report released on Thursday by the Central Bank of Cyprus (CBC). According to ...

Private debt in Cyprus, including households and non-financial companies, reached 206 per cent of GDP at the end of the third quarter of 2023, according to a report released this week by ...

A financial product that enables banks to shed risk from loan portfolios is gaining more popularity among lenders in the United States, with investors and lawyers devising new structures to ...

Eurozone governments sold a record amount of bonds directly to investors in January, seeing the highest demand ever, as hopes grow for interest rate cuts to support a weakening economy. ...

The European Central Bank (ECB) kept interest rates unchanged at a record high on January 25, meeting the expectations of analysts, and reiterated its commitment to lowering inflation. In addition, there ...

PayPal (PYPL.O) is launching new artificial intelligence-driven products as well as a one-click checkout feature, the company said last week as its chief executive tries to inject new life ...

Here are the top business stories in Cyprus from the week starting January 22: The Cyprus Stock Exchange (CSE) concluded 2023 on a high note, with listed securities surpassing €4 billion, as reported ...

The value of deposits in the Cypriot banking system experienced a substantial monthly increase of €346 million in December 2023, reaching a total €52.2 billion, according to a report released on Friday by ...

The eurozone should not weaponize its own currency in a global conflict as that could ultimately undermine it, an influential European Central Bank policymaker said on Friday, just as the ...

The Bank of England said on Thursday that its rules requiring banks to “ring fence” their retail arms with bespoke buffers of capital have worked satisfactorily with no major overhaul ...

The European Central Bank kept interest rates unchanged as expected at a record high on Thursday and reaffirmed its commitment to fighting inflation, giving not a hint that policymakers are ...

The European Central Bank will keep interest rates unchanged at a record high on Thursday and is likely to keep pushing back on investor bets for aggressive policy easing this ...

Freedom Finance Europe recently announced that it continues to improve the conditions for its clients to keep free cash on the Freedom 24 investment platform, with the interest paid on the ...

Cyprus has emerged as the top-ranking European Union member state in providing cross-border investment services, according to George Theocharides, chairman of the Cyprus Securities and Exchange Commission (CySEC). The announcement ...

Women in Germany earned 18 per cent less on average than men last year, due largely to a levelling-off in earnings after having children and taking part-time work, the Federal Statistics ...