BoC to hold London roadshows ahead of tier 2 bond issue
Bank of Cyprus, the island’s largest lender, has appointed Credit Suisse and HSBC as global coordinators and joint bookrunners for exploratory roadshows ahead of a
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New career opportunities in Malta with HSBC
As the debate on workplace diversity goes universal, the Sunday Mail profiles two women from Malta’s largest contact centre, HSBC UK Contact Centre Malta (HBEU),
86 people on ‘Lagarde List’ have been sent tax notices
The first leg of the Tax Department’s investigation into a list of deposits in Swiss HSBC bank in 2003 has been completed, with 86 individuals
HSBC keeps headquarters in London, rejects move to Hong Kong
By Rachel Armstrong and Lisa Jucca Banking group HSBC Holdings has decided to keep its headquarters in Britain, rejecting the option of shifting its centre
HSBC officials have given statements to Cypriot investigators in Laiki probe
By Angelos Anastasiou British banking behemoth HSBC representatives have given statements to two Cypriot investigators in London regarding the 2006 sale of the bank’s stake
Seven of 10 biggest banks’ UK units paid no tax in 2014
By Tom Bergin Two more investment banks have reported paying zero tax in Britain in 2014, prompting the opposition Labour party to urge the government
Cypriot version of Lagarde List to be treated confidentially, finance minister says (Updated)
By Stelios Orphanides and Angelos Anastasiou Finance Minister Harris Georgiades said that authorities have received a list from the French government with the names of
HSBC to cut 50,000 jobs in quest for higher dividends
By Lawrence White and Steve Slater HSBC pledged a new era of higher dividends on Tuesday, laying out plans to slash nearly one in five
Offshore tax evasion in the headlines
By Lou Cunningham, Partner, Blevins Franks THE ISSUE of using offshore bank accounts to hide funds and income from the taxman has been back in
Cypriots with deposits abroad have paid €7.5m tax
By staff reporter Close to 3,400 Cypriots with deposits abroad have been charged €7.5 million in tax, lawmakers heard on Tuesday, as they discussed the
Britain’s HSBC says sorry over past standards at Swiss bank
By Paul Sandle and Steve Slater HSBC apologised to customers and investors on Sunday for past practices at its Swiss private bank after allegations that
House committee demands to see Cypriot names on ‘Lagarde list’ (updated)
By Angelos Anastasiou Over 300 Cyprus-affiliated individuals or companies have money sitting in Swiss bank accounts according to the findings of an investigation of over 100,000
Cyprus to discuss financing strategy with foreign investors, finance ministry says
By Stelios Orphanides Cyprus asked Barclays, HSBC, Morgan Stanley and Societe Generale Corporate and Investment Banking to facilitate communication with investors in Europe as of December
Regulators fine global banks $3.4 bln in forex probe
By Kirstin Ridley and Joshua Franklin REGULATORS fined five major banks $3.4 billion for failing to stop traders from trying to manipulate the foreign exchange
From tax haven to tax hell
By Hermes Solomon THE poor grow poorer while the filthy rich grow filthily richer. A 2012 report from the US Tax Justice Network estimated that
BoC roadshows start to reel in €1bn in new investments
By Angelos Anastasiou THE Bank of Cyprus has embarked on a series of roadshows to potential investors, while minority shareholders were blocked out of the
Bank of Cyprus says examining capital, funding options
By Michele Kambas Bank of Cyprus, a lender forced to use depositors’ savings to recapitalise itself last year, is examining funding and capital options with
€750m bond a step towards ‘systematic’ return to markets
By Staff Reporter YESTERDAY’S €750m eurobond issue was a decisive step towards a “systematic” return to international markets after a three-year exclusion, finance minister Harris
Cyprus opens books on five-year euro bond at 4.90% area
The Republic of Cyprus has opened books on its new euro June 2019 benchmark bond on Wednesday with official guidance on the bond of 4.90%
Parties on the fence over return to markets
By Angelos Anastasiou THE prospect of Cyprus’ return to international markets by the end of the month appeared to have left political parties on the