Banking and Finance

Russia’s VTB Bank (VTBR.MM) said on Wednesday that it will launch money transfers in Indian rupees by the end of September. Retail customers will be able to send ...

Cypriot Finance Minister Makis Keravnos on Wednesday expressed optimism regarding a potential upgrading of Cyprus’ credit rating to investment grade by the global rating agency Moody’s. The minister’s ...

Mastercard (MA.N) on Tuesday denied a media report saying the payments processing giant is planning to increase the fees that merchants are charged when their customers use credit cards ...

The European Central Bank (ECB) on Wednesday criticised the Italian government’s proposed tax on windfall bank profits, saying it did not consider lenders’ long-term prospects and could make some ...

Israel’s central bank is pushing forward with plans to issue a digital shekel, citing the need to improve the country’s payment systems, but on Tuesday remained noncommittal on ...

The Central Bank of Cyprus (CBC) has raised concerns as the number of bounced checks continues to surge, reaching a total of 36 in August 2023, with a combined value of €78,108. According ...

Finance Minister Makis Keravnos on Tuesday met the bosses of commercial banks in a crunch meeting aimed at getting lenders to provide some relief to customers to compensate for rising ...

Resilient US growth is fueling another rebound in the dollar and sending bearish investors scrambling, though the rally will be tested by a gauntlet of data and the Federal Reserve’...

The highly anticipated 4th BoC Fintech Hackathon 4.0, an annual event, is just around the corner. This year, the marathon focuses on innovative technologies in the financial sector (Fintech) and is ...

Wealthy clients going to a Morgan Stanley financial adviser to discuss their investments may have a different sort of experience in the future: having a chatbot listen to their conversation. ...

The Cyprus Securities and Exchange Commission (CySEC) on Thursday issued a fresh warning over scammers impersonating CySEC employees, as well as websites pretending to be that of the commission, in ...

Direct lending, a key but expensive source of credit for riskier European firms that banks often shy away from, is running out of steam, a fresh sign that aggressive interest ...

The issue of Non-Performing Loans (NPLs) cannot be resolved solely by protective measures for vulnerable individuals, since these measures are too narrow in scope, the Cyprus Borrowers Association (Syprodat) said ...

Cyprus Finance Minister Makis Keravnos on Wednesday announced that the Cabinet of Ministers has approved another action within the Recovery and Resilience Plan, focusing on the framework and action plan ...

María Barro, a 65-year-old domestic worker in Buenos Aires, buys a few dollars each month with her peso salary, a hedge against Argentina’s persistent inflation now running at ...

Belgium has raised a record 21.9 billion euros ($23.65 bln) from savers in a bond sale designed to compete with bank deposits, a sign of growing popularity for government debt as discontent ...

Here are the top business stories in Cyprus from the week starting August 28: Hellenic Bank announced on Wednesday that it posted a profit of €160.2 million during the first half of 2023, ...

International credit rating agency Standard and Poor’s Global Ratings has upgraded the prospects of the Cypriot economy from stable to positive, citing the ongoing macroeconomic stabilisation. At the same ...

Net new loans in Cyprus showed a modest recovery in July 2023, reaching €300.5 million compared to €240 million in the previous month. For the period from January to July, net new loans ...

Cyprus experienced a decrease in acceptance deposit rates (for new placements) within its banking system during the month of July, despite consecutive increases in the European Central Bank’s (ECB) ...

By Andrey Afanasiev Embedded finance changes the way people interact with financial services. Nowadays, financial companies are the points of contact for financial services customers. For example, when we purchase ...

The European Central Bank may need to raise interest rates further, Austrian central bank chief Robert Holzmann said on Thursday, just as fresh figures showed euro zone inflation steadied in ...

The European Central Bank needs to measure the impact of the digital euro on the euro zone’s banking system before any final decision on its potential launch, Spain’s ...

Artificial Intelligence (AI) has revolutionized various industries, and debt management is no exception. With its ability to analyze massive amounts of data and make complex decisions in real-time, AI is ...