Banking and Finance

The Association of Cyprus Banks on Tuesday announced that it is teaming up with Junior Achievement Cyprus to carry out the “Spending Smartly” educational programme for the eighth consecutive year. ...

Days before a hastily convened press conference late on Sunday that would make the world’s front pages, Switzerland’s political elite were secretly preparing a move that would jolt ...

Top officials from Britain’s financial sector said on Tuesday they would set out a blueprint later this year to “kickstart” London’s role as a post-Brexit global financial centre ...

The banking system in Cyprus is resilient and will continue to support the real economy, the Central Bank assured President Nicos Christodoulides on Monday. Christodoulides and Central Bank chief Constantinos ...

The Cyprus Maritime and Maritime Institute (CMMI) has released a statement saying that it has launched the Adaptation project, which seeks to promote the green transition in the shipping industry. ...

Goldman Sachs is expecting a pause this week from the US Federal Reserve after a year-long rate increase campaign as Wall Street banks scale back their hawkish expectations in the ...

At an early January meeting of the Virginia Bankers Association, executives were already nervous that Federal Reserve interest rate increases were making it hard to compete for deposits. “Everywhere I ...

European supervisors tried to stop a rout in the market for convertible bank bonds on Monday, saying owners of this type of debt would only suffer losses after shareholders have ...

UBS Group (UBSG.S) emerged as Switzerland’s one and only global bank with a state-backed rescue of its smaller peer Credit Suisse, a risky bet that makes the Swiss ...

Hedge fund managers and other large investors believe it is far too soon to call an all-clear on turmoil in the global financial sector even after more than a week ...

A US official said on Sunday that the deposit outflows that left many regional banks reeling in the wake of Silicon Valley Bank’s failure had slowed and in some ...

The Finance Ministry on Monday said that Cyprus’ lenders, the European Commission, the ECB and the International Monetary Fund, began the 14th post-programme surveillance of the Cypriot economy According to ...

Banking stocks tumbled on Monday as initial relief over a historic state-backed rescue of troubled lender Credit Suisse by Swiss rival UBS Group gave way to new worries about the ...

Switzerland awoke on Monday to a new era after UBS (UBSG.S) agreed to take over the ailing Credit Suisse (CSGN.S), with a bank employee association saying it was “...

Credit Suisse told staff its wealth assets are operationally separate from UBS for now, but once they merged clients might want to consider moving some assets to another bank if ...

The Mexican arm of Spain’s Banco Santander (SAN.MC) plans to launch digital lender Openbank by the end of March 2024 to offer checking accounts, credit cards and other services ...

UBS UBSG.S has agreed to buy Swiss banking giant Credit Suisse CSGN.S after increasing its offer to more than $2 billion, the Financial Times reported on Sunday, as authorities ...

Ten years ago almost to the day, international lenders made Cyprus an offer it couldn’t refuse – close your second largest commercial bank and seize almost half of uninsured deposits ...

By Maria Demertzis The three Rs of regulation, reserves and (legal) recourse are crucial for the smooth functioning of financial markets. These basic underpinnings are missing in decentralised finance, or ...

British banks are seeing a pick-up in enquiries to switch cash between institutions after the collapse of US tech lender Silicon Valley Bank, as contagion fears prompt some depositors to ...

Analysts worried that a banking crisis is still a possibility despite interventions A $30 billion lifeline for First Republic Bank (FRC.N) hosed down market fears about an imminent banking collapse ...

The Cyprus Securities and Exchange Commission (CySEC) has released a Policy Statement, PS-01-2023, regarding the application of Regulation (EU) 2020/1503 on European Crowdfunding Service Providers for Business, and Directive DI73...

The rise in interest rates is impacting many organisations’ investment portfolios, and by extension, the economy as a whole, economist and KPMG board Tassos Yiasemides said on Thursday. “The reduction ...

Large U.S. banks injected $30 billion in deposits into First Republic Bank FRC.N on Thursday, swooping in to rescue the lender caught up in a widening crisis triggered by ...