Banking and Finance

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’...

With three gold and two silver medals, Cyprus ranked third in The Economist’s economic pentathlon which calculated how the 27 EU member states perform on the five major challenges facing ...

In a rapidly evolving global financial landscape, the role of financial institutions and fintech companies is more crucial than ever. One such company making waves in the industry is Admiral ...

The Cyprus Securities and Exchange Commission (CySEC) this week reported that the assets under management (AUM) for Management Companies and Undertakings of Collective Investments (UCIs) in the second quarter of 2023 ...

By Maria Demertzis The digital euro will likely be a reality in the not-so-distant future. For the European consumer, however, is still unclear what difference it will make to her ...

Big banks in Britain are preparing for any future escalation of Western sanctions on China and have shared their “scenario planning” with the British and US governments, a senior banking ...

Governor of the Central Bank of Cyprus (CBC) Constantinos Herodotou is participating in the annual meetings of the World Bank and the International Monetary Fund (IMF), taking place this week ...