Banking and Finance

Hellenic Bank on Wednesday released its financial results for 2022, posting a full-year profit of €24.2 million, marking a rise of 307 per cent year-on-year. In addition, it managed to further de-risk its ...

US payment giants Visa (V.N) and Mastercard (MA.N) are slamming the brakes on plans to forge new partnerships with crypto firms after a string of high-profile collapses shook ...

Switzerland’s financial regulator has investigated 12 banks and launched enforcement proceedings against two of them in relation to corruption charges against longtime central banker Riad Salameh, it said on Monday. ...

Financials earnings growth rate surges almost 45 per cent STOXX banks climbs to 5-year high UniCredit shares up a whopping 35 per cent YTD HSBC, SocGen express caution Europe’s banks, which ...

Cyprus’ government debt fell to €23 billion at the end of 2022, reflecting a 3.9 per cent decrease compared to December 2021, according to a report published on Friday by the Public Debt Management ...

Turkey’s central bank cut its main interest rate to 8.5 per cent from 9 per cent on Thursday, moving to cushion the economic impact of a devastating earthquake that killed more ...

Banks’ shares have stumbled as they forecast pressure on margins Central bank policy rate has risen to 4 per cent, after decade near zero Deposit rates have not risen as fast ...

Emilios Tannousis, chairman of the Cyprus Investment Funds Association’s training and HR committee, as well as manager of wealth management at the Bank of Cyprus, this week released a ...

Switzerland sent 58.3 tonnes of gold worth 3.3 billion Swiss francs ($3.6 billion) to Turkey in January, by far the most for any month in records stretching back to 2012, Swiss customs data showed ...

Bond investors are starting to trim holdings of US debt to brace for a possible government default that they see as highly unlikely but potentially seismic for financial markets around ...

Eytan Morgenstern is facing a very expensive dilemma. The 36-year-old public relations professional has an opportunity to check something off his life ‘bucket list’: Seeing his favorite band, Metallica, play ...

Russian banks have rallied after an initial hit from last year’s Western sanctions against Moscow, with lenders now jostling for business from the state, particularly a burgeoning defence budget, ...

Tough capital rules for banks holding cryptoassets must be fast-tracked in the European Union’s pending banking law if Europe wants to avoid missing a globally-agreed deadline, the bloc’s ...

The Bank of Cyprus on Monday released its preliminary financial results for 2022, posting a profit after tax of €71 million for the entire year, marking a considerable increase over the €30 million ...

Britain’s biggest retailer Tesco Plc (TSCO.L) is planning to review its presence in the UK banking sector in a move that could lead to a sale of its ...

Cypriot bonds held by the Eurosystem in the context of the Public Sector Purchases Programme (PSPP) and the Pandemic Emergency Purchases Programme (PEPP) exceeded €7 billion in January 2023. On the basis ...

Japan will start a pilot programme in April to test the use of a digital yen, its central bank said on Friday, joining a growing number of countries seeking to ...

Chinese dealmaker Bao Fan, founder of investment bank China Renaissance Holdings, has gone missing in the latest disappearance of a top business executive, unnerving investors and sending its stock down ...

Goldman Sachs said it was expecting the US Federal Reserve to raise interest rates three more times this year by a quarter of a percentage point each, after data this ...

The Central Bank of Cyprus (‘CBC’) on Friday released a statement informing the public, businesses and depositors that an entity under the name ‘Turkish International Investment Bank’, to which reference ...

Financial sanctions against Russia have strangled its banks’ profits and wrecked many lenders’ international operations, but one year after Moscow sent its troops into Ukraine how much do they matter ...

NatWest (NWG.L) warned on Friday that rising interest rates may not deliver the long-lasting earnings bonanza investors hope for, even though profit jumped by 33 per cent last year. Shares ...

Running a business requires making important decisions that can have far-reaching implications for your finances. You may be wondering what type of business finance is best for your company and ...

The Association for the Protection of Borrowers (Syprodat) this week said that the new government should engage in dialogue with Cypriot banks in order to resolve the issue of non-performing ...