Banking and Finance

The Central Bank of Cyprus (CBC) has released a statement notifying the public of scheduled closures for all banks on several upcoming dates. The closures are as follows: Wednesday, May 1, 2024: ...

The newly appointed governor of the Central Bank of Cyprus (CBC) Christodoulos Patsalides has deemed today’s interest rate disparity between lending and deposit rates in Cyprus unsatisfactory, suggesting various ...

The Cyprus government recorded a fiscal surplus of €918.7 million in 2023, constituting 3.1 per cent of the Gross Domestic Product (GDP), with government debt reaching €23.03 billion, accounting for 77.3 per cent of GDP, ...

Investors should get a clearer picture this week of whether higher interest rates are still boosting European bank profits or if a year-long share price rally will run out of ...

By Saeed Azhar and Matt Tracy US regional banks are expected to set aside more money to cover potential commercial real estate (CRE) losses and sell more property loans as ...

Here are the top business stories in Cyprus from the week starting April 15: In recent developments from Cyprus, Marinos Christodoulides, President of the Cyprus Stock Exchange (CSE), emphasised the significance ...

Leaders of the UK’s financial technology industry are urging the British government to increase tax relief and help them raise more investment, as some executives warn a shortage of ...

The European Central Bank has made it “crystal clear” that interest rates could be cut in June but has also been firm that policy decisions beyond that remain up in ...

Global financial companies are falling behind on the monitoring and archiving of all business-related communications using personal messaging apps, a survey released this week showed, potentially running the risk of ...

Hellenic Bank and bank workers’ union (Etyk) clinched a deal over collective agreements on Friday, after a government-supported mediation process. Labour Minister Yiannis Panayiotou heralded the development “after a long ...

A new sector-wide body could help ensure that Britain’s financial regulators fully comply with their new remit of aiding international competitiveness when writing rules, an industry lobby group said ...

The future is full of surprises and unexpected expenses which may lead many people to consider taking out a loan. However, choosing the right loan provider can be challenging with ...

Finance Minister Makis Keravnos welcomed the release of the International Monetary Fund’s (IMF) Fiscal Monitor, which expects that Cyprus’ public debt ratio will decline to the Maastricht Treaty limit (60 ...

The Finance Ministry, in collaboration with SIX, a financial market infrastructure company, and the Cyprus Stock Exchange (CSE), on Thursday announced the successful activation, referred to as going live, of ...

Morgan Stanley’s first-quarter profit beat estimates on Tuesday, fueled by a resurgence in investment banking and growth in wealth management, sending shares up 3.7 per cent. Investment banking revenue climbed 16 ...

Venture capital investment in UK companies fell in the first three months of 2024, in the worst quarter for UK fundraising since the early months of the COVID pandemic, a report ...

AstroBank on Tuesday released its financial results for the year ending December 31, 2023, reporting a profit after tax of €30.4 million, while also marking a Return on Equity (RoE) of 13.9 per cent, ...

Asia-focused hedge funds started 2024 with a strong first quarter, cashing in on a prolonged rally in Japanese stocks, a tentative turnaround in Chinese equities, and a boom in artificial intelligence (...

Goldman Sachs’ (GS.N) profit beat Wall Street estimates, fueled by a recovery in underwriting, deals and bond trading in the first quarter that lifted its earnings per share to ...

President of the Cyprus Stock Exchange (CSE) Marinos Christodoulides recently released a statement underscoring the significance of developing the bond market within the CSE framework. In addition, Christodoulides highlighted the ...

European stocks were on track to race ahead of Wall Street on Friday, with exporter shares in high demand as the continent’s major currencies dropped against a dollar standing ...

Here are the top business stories in Cyprus from the week starting April 8: Minister of Agriculture, Maria Panayiotou, recently lauded the economic significance of the wine industry and unveiled plans ...

Almost half British firms plan to raise their prices over the coming year as they struggle with high wage bills, according to a survey that underscored why the Bank of ...

JPMorgan Chase’s profit rose 6 per cent in the first quarter, although its shares dropped after the bank’s forecast for its income from interest payments came in below analysts’ ...