Banking and Finance

ECB executive committee member and chief economist Philip Lane met with Central Bank of Cyprus (CBC) governor Constantinos Herodotou on Wednesday, after being invited by the latter to the island ...

UBS Group AG (UBSG.S) will on Wednesday seek to reassure shareholders that its unexpected takeover of rival Credit Suisse Group AG (CSGN.S) in the biggest bank rescue since ...

DBRS Morningstar has confirmed the BBB rating with a stable outlook for Cyprus in both domestic and foreign currency over the long term, according to a report recently published by ...

Banks are overly reluctant to tap their cash buffers in volatile markets, fearing adverse reaction from regulators and markets, and changes to the rules may be needed, the Bank of ...

In separate speeches last year, the leaders of France and Germany warned their citizens of hard times ahead as the global economy encountered challenges ranging from trade conflicts through to ...

Credit Suisse (CSGN.S) will face shareholder anger on Tuesday at what will be its final annual general meeting after the bank was rescued last month by Swiss rival UBS (...

Mitsubishi UFJ Financial Group Inc (8306.T) will postpone the issuance of Additional Tier-1 (AT1) bonds to mid-May or later from late April, a spokesperson said on Monday, after the Swiss ...

Eurobank Cyprus on Monday announced that it has been voted as the best bank for international private banking in Cyprus for 2023, an award bestowed upon the bank by Euromoney magazine ...

The bank created by the UBS (UBSG.S) takeover of Credit Suisse (CSGN.S) is poised to reduce its workforce by 20-30 per cent, Swiss daily Tages-Anzeiger reported on Sunday, ...

By Maria Demertzis The early March failure of Silicon Valley Bank (SVB) in the United States, and the sale of Credit Suisse to UBS in Switzerland are reminders of an ...

Norges Bank Investment Management will vote against the re-election of Credit Suisse (CSGN.S) Chair Axel Lehmann and six other directors at the Swiss lender’s annual general meeting on ...

The Federal Deposit Insurance Corporation (FDIC) has retained advisers to sell the securities portfolios that the new owners of failed Silicon Valley Bank and Signature Bank rejected, according to people ...

The United Arab Emirates’ central bank on Friday said it will cancel the licence it granted last year to Russia’s MTS bank, which was placed under British and US ...

Britain’s digital banks will need support over the next few weeks and months to help them cope with the market fallout from the collapse of Silicon Valley Bank, a ...

Finance Minister Makis Keravnos met on Friday with Central Bank Governor Constantinos Herodotou to discuss issues in the banking system, a day after he had met with the heads of ...

As the dust settles on a surprise move by Switzerland to write down $17 billion of bonds under Credit Suisse’s rescue, the market for debt designed as a shock absorber ...

Hellenic Bank this week released a statement announcing the completion of Project Starlight, which refers to the sale of a non-performing exposures (NPE) portfolio, combined with the sale of APS ...

The Cyprus Securities and Exchange Commission (CySEC) this week released its quarterly report for the fourth quarter of 2022, which highlights the current state of the collective investments sector in Cyprus. ...

The easy-cash era is over and markets are feeling the pinch from the sharpest jump in interest rate in decades. The collapse of US-lender Silicon Valley Bank (SVB) in early ...

The failures of US lenders Silicon Valley Bank (SVB) and Signature Bank, followed by Credit Suisse’s rescue, and the ensuing turmoil in world markets have re-ignited the recession risks ...

Total deposits in Cyprus recorded a net increase of €357.1 million in February 2023, compared to the previous month, with their balance amounting to €51.9 billion, according to a report released this week ...

As Head of the Deloitte Academy, and member of the faculty team of the EMEA Deloitte University, Christina Themistocleous is responsible for developing strategic plans, which promote innovation through learning, ...

French authorities on Tuesday searched the Paris offices of five banks, including Societe Generale (SOGN.PA), BNP Paribas (BNPP.PA) and HSBC (HSBA.L), on suspicion of fiscal fraud, part ...

The Republic of Cyprus is looking for investors to issue a sustainable bond, the Financial Director of the Public Debt Management Office, Phaidonas Kalozois, said this week. Kalozois had been ...