Banking and Finance

Credit counsellors provide credit counselling to help consumers with financial problems, from budgeting, insolvency, and property purchases to debt management. Given the weight, credit counselling is as important as financial ...

Turkey’s central bank said on Monday its monetary tightening process, which it began last month with a sharp post-election rate hike, is expected to continue until a significant improvement ...

The Cyprus general government recorded a fiscal surplus of €315.1 million, equivalent to 1.1 per cent of GDP, between January and May 2023, according to a report by the state’s statistical service. ...

UBS (UBSG.S) has gone on a US recruiting drive for wealth managers catering to rich Americans even as it considers culling 30 per cent of its combined global workforce after ...

Bond investors could be in luck for the rest of 2023 if market indicators signalling central banks will take policy tightening too far and tip their economies into recession prove accurate. ...

A total of 130 countries representing 98 per cent of the global economy are now exploring digital versions of their currencies, with almost half in advanced development, pilot or launch stages, a ...

Cyprus and global banking sectors are facing a cocktail of challenges that lead to radical change, banking expert Chris Davis told the Cyprus News Agency on Sunday, underlining that enhancing ...

Here are the top business stories in Cyprus from the week starting June 26: Bars and restaurants across Cyprus experienced a notable decline in occupancy rates, with the drop in guests ...

More than three-quarters of the population in Lombardy, Italy’s largest and most industrialized region, banked online last year, compared with the national average of 63 per cent, the Bank of ...

Borderless payments, sustainability and inclusion, as well as the exponential increase in payment options, are just three of the trends defining the upcoming economy, which will be more technologically advanced, ...

Introduction: In the world of Forex and oil trading, finding a reliable and trustworthy broker is of utmost importance. ISA Investment has emerged as a prominent player in the industry, ...

Following a decision by the Board of Directors of Alpha Bank Cyprus and the necessary approvals from regulatory authorities, Miltos Michaelas has taken on the role of CEO of Alpha ...

According to data released by the Central Bank of Cyprus (CBC) this week, total deposits in May recorded a net increase of €164.8 million, reaching €52 billion. In addition, loans saw a ...

A key measure of corporate profitability in the euro zone rose to a record high last quarter, keeping up pressure on inflation as the long-awaited drop in business margins is ...

The bank also reiterated its complete adherence to sanctions issued by the US, EU and UK Hellenic Bank CEO Oliver Gatzke addressed shareholders, employees and other participants at the bank’...

Limassol-based broker Freedom Finance Europe this week announced that it served as a general partner of the recently-held Cyprus-Kazakhstan Business Forum, which took place in Almaty, Kazakhstan, on June 21. The ...

European Central Bank policymakers don’t generally expect evidence that stubborn inflation is easing to be clear enough for them to pause the longest streak of interest rate hikes in ...

Wall Street banks and brokerages are in a last-minute scramble to meet a July 3 deadline to charge investors for research reports, bankers and others in the industry said, a requirement ...

What would Satoshi make of it all? Bitcoin, the currency created to subvert the financial establishment, has shaken off weeks of sickness with the support of Wall Street’s finest. ...

If you have a credit score of 650+ and have sufficient income to cover the loan payment, you don’t need to ask someone to co-sign your loan. Most lenders will ...

Turkey’s lira was mostly flat on Tuesday, after touching a new record low overnight, while bankers said the central bank’s net reserves had marked their largest rise on ...

Pledging to support vulnerable groups where needed while maintaining an ardent fiscal policy, Finance Minister Makis Keravnos on Tuesday said he expected more action from banks to absorb increasing interest ...

Deutsche Bank (DBKGn.DE) has told clients it can no longer guarantee full access to Russian stocks that belong to them, underlining the challenges global investors face to recover stranded ...

By Maria Demertzis and Josh Lipsky Central bank digital currencies (CBDCs) are becoming a reality around the world, with more than 110 countries now exploring ‘digital cash’. Of the G20 economies, 18 ...