banking
The U.S. banking system remains sound and Americans can feel confident that their deposits are safe, Treasury Secretary Janet Yellen said on Thursday, but she denied that emergency actions after two large...
New bills aim to boost consumers’ banking rights
MPs on Tuesday said they hoped to soon bring to the plenum legislation beefing up the rights of consumers, particularly in relation to banking services....
Banking regulators shutter SVB, collapse unnerves investors
California banking regulators on Friday moved quickly to close startup-focused lender SVB Financial Group SIVB.O, the largest bank failure since the financial crisis, a sudden collapse...
Bank of Cyprus posts €71 mln profit for 2022; lays foundation for dividends
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,...
Barclays shares tumble 9 per cent as profit disappoints
Barclays (BARC.L) reported a 14 per cent fall in full-year pretax profit on Wednesday as earnings were poleaxed by surging costs, a collapse in deal...
Net new lending in Cyprus exceeded pre-pandemic levels in 2022
Net new lending in Cyprus stood at €3.23 billion in 2022, reflecting a 10 per cent increase compared to the previous year, despite the uncertainty...
Cyprus lending rates continue to rise
Lending rates in Cyprus rose again in December 2022, with deposit rates also moving higher amid the European Central Bank’s normalisation of key interest rates,...
Cypriot banking sector solvency index reaches 21.2 per cent
The overall solvency ratio of the Cypriot banking sector stood at 21.2 per cent at the end of September 2022, its highest level since the...
Lagarde, ECB board due in Cyprus next month
President of the European Central Bank (ECB), Christine Lagarde, will be in Cyprus next month. This will be her second visit to the island this...
Lebanon president, amid financial meltdown, returns amended bank secrecy law to parliament
Lebanon’s president on Wednesday returned to parliament an amended banking secrecy law that lawmakers passed around a month ago, saying it needed further tweaks to...