Banking and Finance

Numerous stakeholders from the investment sector and the local business community this week highlighted Cyprus’ remarkable progress in the field of investment capital during the 9th International Funds Summit and ...

Cyprus Central Bank Governor Constantinos Herodotou on Monday took part in a meeting of the House Finance Committee, during which he underlined the significant uncertainties stemming from geopolitical disruptions that ...

Cyprus witnessed a significant increase in its government debt-to-GDP ratio at the end of the second quarter of 2023, rising by 2.2 percentage points from the previous quarter, to reach 85.3 per cent, ...

A milestone move by the European Central Bank toward launching a digital euro within a few years means the time has come for the newest incarnation of money to prove ...

Central Bank of Ireland governor Gabriel Makhlouf has arrived in Cyprus on an official visit, encompassing two meetings with Cypriot officials, according to an announcement by the Central Bank of ...

Governments should open a new front in the international clampdown on tax evasion with a global minimum tax on billionaires, which could raise $250 billion annually, the EU Tax Observatory said ...

The European Union’s data protection watchdog this week called for stronger privacy safeguards in EU draft legislation to underpin a digital euro. The European Central Bank (ECB) is due ...

A major cyber attack on a financial services payments system could lead to global losses of $3.5 trillion, with much of it not covered by insurance, commercial insurance market Lloyd’s ...

Finance Minister Makis Keravnos this week reiterated the government’s commitment to bolstering the administrative services sector in Cyprus. The minister’s comments were delivered during his address at the 11...

Relentless selling of US government bonds has brought Treasury yields to their highest level in more than a decade and a half, roiling everything from stocks to the real estate ...

The Central Bank of Cyprus (CBC) on Thursday announced that it has officially launched a project aimed at implementing remote customer identity verification, known as digital onboarding, in collaboration with ...

The Bank of Cyprus on Thursday announced the launch of two new deposit products, known as “Step-Up,” designed to offer clients the opportunity to earn increased interest rates over an 18...

Hellenic Bank on Wednesday released a statement explaining that in an increasingly volatile economic environment, Cypriot businesses require a stable and reliable partner, noting that with a customer-centric approach, in ...

World Investor Week 2023 (WIW2023) has concluded successfully with a significant level of participation, according to a statement by the Cyprus Securities and Exchange Commission (CySEC), which collaborated with global supervisory ...

Morgan Stanley’s (MS.N) third-quarter profit dropped less than expected as a strong performance in the bank’s wealth management division offset a hit from lethargic dealmaking. The wealth ...

The European Central Bank (ECB) is not expected to raise interest rates at its upcoming session, as recent economic data indicates that its benchmark rates have reached levels conducive to ...

Bank of Cyprus CEO Panicos Nicolaou this week revealed a vision for Cyprus as a thriving business hub in the region, noting that the island has the potential for further ...

The Monetary Authority of Singapore (MAS) plans to conduct an on-site inspection of a local unit of Credit Suisse to determine whether it properly handled the monitoring of wealthy clients ...

Global banking regulators on Tuesday proposed a standardised format for major banks to disclose their holdings of cryptoassets from January 2025 to support “market discipline” by giving a complete picture to ...

Two weeks after the Cyprus Mail sat down for an interview with Timur Turlov, CEO of Freedom Holding Corp., his company was investigated by US regulators. This comes two months ...

The Finance Ministry is preparing a study to revise the laws surrounding the annual corporate levy, said a spokesperson for the Ministry of Finance in the parliamentary Trade Committee, with ...

Cyprus witnessed a historic record in the value of investment funds funnelled into the local economy at the end of June, reaching an astounding €2.9 billion, out of a total of €10.7 ...

Finance executives at top British firms are more wary about borrowing than at any time since at least 2007, according to a survey which underscored how the climb in interest rates ...

The Australian government said this week that it planned to introduce laws that would empower the central bank to regulate digital wallet providers including Apple Pay (AAPL.O) and Alphabet’...