Banking and Finance

The Finance Ministry on Wednesday released a statement welcoming the package of measures issued today by the European Commission, regarding the European Semester, which includes decisions related to the process ...

Deutsche Bank and Citigroup admitted anti-competitive activity by exchanging sensitive information on UK government bonds between 2009 and 2013, Britain’s anti-trust watchdog said, as it provisionally found five banks in breach ...

Britain’s stubbornly high inflation rate fell by less than expected last month and a closely watched measure of core price rises surged to a 31-year high, according to official ...

By George Sklavos The smooth transition to the digital age is one of the toughest challenges facing the banking sector in Cyprus. We are living in a time when everything ...

The turmoil facing US regional banks has prompted some lenders to step back, leaving space for investors such as asset managers, private equity (PE) funds and insurers to lend more. ...

The absence of women from the slate of potential Morgan Stanley (MS.N) CEO successors underscores the importance of cultivating and keeping diverse talent, corporate governance experts say. Morgan Stanley ...

Below are the top business stories from Cyprus for the week starting May 15: Tourist arrivals in Cyprus experienced an increase of 18.5 per cent in April 2023, compared to the same period ...

The Cyprus Securities and Exchange Commission (CySEC) on Friday stated that it has recently detected additional cases of fraudulent impersonation of CySEC officers and representatives, following an earlier warning, issued ...

As the world of decentralized finance (DeFi) continues to evolve and expand, more and more investors are turning to Aave as a potential investment opportunity. Aave is a decentralized lending ...

Registrar of Companies Irini Mylona on Friday morning said her office has been greenlighted to proceed with examination of applications for personnel replacements received from companies caught up in the ...

Bankers are beefing up risk management, monitoring and emergency procedures around the use of social media after an internet-fueled run toppled Silicon Valley Bank two months ago and sparked turmoil ...

The Central Bank of Cyprus (CBC) on Wednesday reported a decrease in non-performing loans (NPLs) at the end of February 2023. NPLs decreased by approximately €60 million compared to the previous month, ...

Bitcoin, ether and other cryptocurrencies should be regulated as gambling given the significant risks they pose to consumers, a panel of UK lawmakers said in a report on Wednesday. Britain, ...

UBS Group AG (UBSG.S) was rushed into buying cross-town rival Credit Suisse Group AG (CSGN.S) in a deal it did not want, as a global bank crisis worsened ...

The Minister of Finance Makis Keravnos participated in the work of the Economic and Financial Affairs Council (ECOFIN), which ended on Tuesday afternoon in Brussels. According to an announcement by ...

The Cypriot economy maintained its strong momentum in the first quarter of 2023, with the GDP showing a growth rate of 3.4 per cent on an annual basis. However, there are signs ...

The Bank of Cyprus has prepared a proposal aimed at reducing lending rates, which has been submitted to the Central Bank of Cyprus, according to the group’s CEO Panicos ...

Banks need to take immediate measures to address climate change, said the Governor of the Central Bank of Cyprus (CBC) Constantinos Herodotou, during a conference on climate change held on ...

The Bank of Cyprus on Tuesday announced that it generated a €95 million after-tax profit for the first quarter of 2023, a significant improvement over the corresponding period of 2022, when it recorded ...

As talks over raising the US government’s $31.4 trillion debt ceiling intensify, Wall Street banks and asset managers have begun preparing for the fallout from a potential default. The financial ...

There was a 12.7 per cent decrease in the issuance of new building permits in Cyprus during the first two months of 2023, according to data released by the Cyprus Statistical Service (...

Banking regulators have been pushed by market volatility in recent weeks into doing things that they haven’t really wanted to do, like letting the largest US bank get even ...

Eurobank Cyprus on Monday announced a reduction of 0.50 per cent in mortgage interest rates with variable interest rates for borrowers who are up-to-date with their loan repayments. The bank stated ...

Below are the top business stories from Cyprus from the week starting May 8: The Deputy Minister of Shipping, Marina Hadjimanoli, emphasised the importance of competitiveness, resilience, and anticipation of new ...