Cypriots have low confidence in financial advice from bank officials
Cypriots have low confidence in bank officials when it comes to their advice on making financial decisions, while about one-third claim their basic rights had...
finance
Progress made on bill which would release €85m by EU
Lawmakers on Monday made more progress on a government bill aimed at reducing the stock of non-performing loans on banks’ books – a pledge Cyprus...
The challenges facing the banking and financial sectors
By Andreas Charalambous and Omiros Pissarides The well-known economist Rüdiger Dornbusch argued that a crisis takes a long time to materialise but it then happens...
More Britons take a bet on bitcoin
The number of people in Britain buying cryptoassets like bitcoin and ether has more than doubled over the past year, but many are still unaware they...
Wirecard scrambles to find missing $2.1 billion as loan crunch looms
Wirecard‘s auditor has refused to sign off its 2019 accounts over a missing $2.1 billion, sending its shares down more than 60% as the German...
Under the US cosh? The crackdown on money laundering
On June 14, the Central Bank of Cyprus (CBC) sent a circular letter to all credit institutions advising them to step up their game when...
What is holding back economic development?
By Savvakis Savvides Almost four years after the bail-in of March 2013 the fundamentals of the Cyprus economy remain dire. Despite the completion of the...
CySEC’s Kalogerou vows to clamp down on financial offenders
The chairwoman of the Cyprus Securities and Exchange Commission Demetra Kalogerou said that her agency will utilise the new powers given it from the transposition...
Co-op welcomes external auditing, it says
THE Cooperative Central Bank (CCB) said on Thursday that it welcomes external auditing, provided however that these checks are lawful and done according to proper...
Bank employee detained in connection with theft (update 2)
A bank employee was remanded in custody for eight days in Nicosia on Tuesday for allegedly taking almost €400,000 over the last five years from...
