Banking and Finance

Qatar’s sovereign wealth fund has increased its stake in Credit Suisse (CSGN.S) to just under 7 per cent, becoming the Swiss bank’s second-largest shareholder after Saudi National Bank, ...

European Central Bank policymakers laid out diverging views on future interest rate hikes on Monday, suggesting that moves beyond next week’s half a percentage point increase remain contentious. The ...

Central Bank of Cyprus (CBC) governor Constantinos Herodotou on Friday stressed the need to maintain fiscal space in the midst of increased risks due to the war in Ukraine, something ...

Cypriot banks enter the cycle of uncertainty created by the war in Ukraine in a strong position, Andrea Enria, President of the ECB’s Supervisory Council told CNA, calling however ...

The harmonised index of consumer prices in Cyprus rose to 8.1 per cent in 2022, compared to 2021, according to a report released on Wednesday by the Cyprus Statistical Service (Cystat). In addition, ...

European Central Bank staff are losing confidence in the institution’s leadership following the ECB’s failure to control inflation and a pay award that lagged the leap in prices, ...

The Bank of Sydney this week announced that its long-serving CEO, Miltos Michaelas, will be departing the bank at the end of June 2023 to return to Cyprus after over 6 years ...

Goldman Sachs Group Inc (GS.N) on Tuesday reported a bigger-than-expected 69 per cent drop in fourth-quarter profit as it struggled with a slump in dealmaking and weakness in its wealth ...

Average weekly earnings +6.4 per cent yy, stronger than forecasts BoE watching pay growth as it gauges next rate hike move Jobless rate holds at 3.7 per cent, close to five-decade low ...

Bank of Israel policymakers expressed concern that the new government will boost spending too much and harm its ability to return inflation to its 1-3 per cent annual target. Minutes ...

Fintech firm Revolut Ltd. is close to finalising its long-overdue 2021 financial accounts, a move that could pave the way for the start-up to obtain a UK banking licence, two people ...

Hellenic Bank CEO Oliver Gatzke on Friday said that the bank’s performance in 2022 was very good, amidst difficult conditions, while also outlining the challenges and goals for the new ...

Newly unemployed Goldman Sachs workers are tapping head-hunters after losing their jobs in its biggest restructuring since the 2008-9 financial crisis, with a sluggish global economy set to make finding ...

European investigators will arrive in Lebanon on Jan. 16 as part of a cross-border probe into alleged state fraud, Lebanon’s caretaker justice minister said on Wednesday. French, German and Luxembourg ...

Staff at Goldman Sachs (GS.N) are bracing for news on whether they will keep their jobs on Wednesday, as the U.S. investment bank begins a sweeping cost-cutting drive ...

Hedge funds last year posted their worst performance since 2018, mainly dragged down by equities as portfolio managers struggled to place their bets amid market turmoil, industry data provider HFR said ...

Kiki Theo is a rare combination of successful businesswoman and skilled transformational facilitator focused on wealth expansion. She is a wealth expansion author, teacher, catalyst, money coach, energetic intuitive, executive ...

The Swiss National Bank posted an annual loss of 132 billion Swiss francs ($143 billion) in 2022, it said on Monday, the biggest in its 115-year history as falling stock and fixed-income markets ...

Wage growth across the euro zone is expected to be “very strong” over the next few quarters but real wages are still likely to decline given rapid inflation, a European ...

Goldman Sachs Group (GS.N) will start cutting thousands of jobs across the firm from Wednesday, two sources familiar with the move said, as it prepares for a tough economic ...

Cyprus-born Theophanis Theophanous has an international practice that focuses on strategic and family office clients in Central and Eastern Europe, the Middle East, Asia, and Africa. His ultimate ambition is ...

Partner and head of international tax services at advisory and consulting firm PwC Cyprus Stelios Violaris recently examined the adoption of the minimum tax rate of 15 per cent, outlining the ...

The Association for the Protection of Borrowers (Syprodat) on Wednesday released a statement calling on the government to draw up and implement immediate relief measures for consumers, households, businesses and ...

The Central Bank of Cyprus (CBC) on Wednesday published a report detailing interest rate statistics concerning Cypriot banks, including for deposits and loans of eurozone residents in euros, as well ...