Banking and Finance

Innovation is finally weakening the market grip of Britain’s “Big Four” banks, but “challenger” lenders are finding it slow and expensive to build up market share, the Financial Conduct ...

By George M. Georgiou Debates about central bank independence have traditionally focused on monetary policy, specifically the setting of interest rates. A central bank, it is argued, should be free ...

The Recovery and Resilience Plan will facilitate the path towards improved productivity and significantly affect GDP growth, the Economics Research Centre of the University of Cyprus (CypERC) has said in ...

Chinese gaming and social media company Tencent Holdings Ltd (0700.HK) has taken a small stake in Britain’s Monzo as part of a fundraising, the digital bank said on Friday, ...

JPMorgan Chase & Co (JPM.N) has offered its staff the option of working from home for the first two weeks of 2022, with a caveat that all employees are expected ...

For global financial markets, the second year of the COVID pandemic has been nearly as dramatic as the first. The stocks bulls have stayed firmly in charge, surging energy and ...

UK’s FTSE 100 ended 2021 with its best annual performance in five years on the back of gains in commodity-linked and industrial stocks although the index fell in Friday’s holiday-thinned ...

Emerging market stocks broke a two-year winning run, but were set to end the last day of 2021 on a positive note on Friday boosted by China shares, while Turkey’s ...

Sterling hit its highest level against the euro since the end of February 2020 as easing concerns about the economic impact of the pandemic boosted risk-on currencies, while analysts expect more ...

The current account balance of Cyprus and its international investment position improved in the third quarter of 2021, according to provisional data released by the Statistics Department of the Central Bank ...

Eurobank announced this week the acquisition of an additional 2.7 per cent stake in Hellenic Bank, raising its total share in the Cypriot bank to 12.6 per cent. Eurobank acquired approximately 11.19 million ...

The Ministry of Finance on Wednesday responded to the criticism of the last few days about the increase in bank charges and calls for its intervention, making it clear that ...

The Turkish lira weakened for the third consecutive day on Wednesday, tumbling 5 per cent and eating further into the huge gains made the previous week, as worries persisted over soaring ...

In May, San Diego-based Emily was feeling flush from a year of double-digit gains earned from trading stocks. Equity options, which some fellow stay-at-home investors were dabbling in, would juice ...

The decision of Cypriot commercial banks to impose new charges on clients has sparked a fierce reaction from customers, trade unions, some political parties and interest groups. In the case ...

Workers at BNL, the Italian arm of French banking group BNP Paribas (BNPP.PA), went on strike for the first time since the 1990s on Monday in protest at back ...

The Bank of Cyprus Borrowers Association (Syprodat) on Monday called for an immediate reaction from the central bank and from parliament over plans by the commercial banks to hike their ...

Loan restructurings in the Cypriot banking system edged close to €2 billion in the first ten months of 2021, marking the highest figure according to Central Bank of Cyprus (CBC) records which ...

Turkey’s Financial Crimes Investigation Board (MASAK) imposed an 8 million lira ($751,314) fine on the local unit of cryptocurrency exchange Binance over violations found during liability inspections, the Anadolu news agency ...

A Danish woman was remanded in custody on Wednesday over her alleged involvement in a money laundering case in which more than 30 billion Danish crowns ($4.5 billion) was channelled through Danske ...

Cyprus has seen a 67 per cent increase in full-time researchers during the previous decade, according to a report released earlier this month by Eurostat, the statistical service of the European ...

By Andreas Charalambous and Omiros Pissarides The experience with the pandemic has brought to the surface the age-old issue of the role of the central government and its importance towards ...

Turkey’s lira was on track for its strongest week on record on Friday, having spiked 44 per cent with the support of billions of dollars of state-backed market interventions and ...

European shares ended on Wednesday at near one-week highs, led by gains in technology and industrial stocks, even as investors worried about the outlook for global recovery amid a rise ...