Banking and Finance

The rise in interest rates is impacting many organisations’ investment portfolios, and by extension, the economy as a whole, economist and KPMG board Tassos Yiasemides said on Thursday. “The reduction ...

Large U.S. banks injected $30 billion in deposits into First Republic Bank FRC.N on Thursday, swooping in to rescue the lender caught up in a widening crisis triggered by ...

As SVB Financial Group (SIVB.O) wrestled with a capital shortfall and the prospect of a downgrade to its credit rating last week, it went to Goldman Sachs Group Inc (...

National Bank of Greece (Cyprus) on Thursday announced that George Agioutantis has been appointed to the position of managing director and executive member of the board of directors of the ...

Argentina’s central bank board said it agreed to hike the country’s benchmark interest rate by 300 basis points to 78% on Thursday after annual inflation hit 100% for the first time ...

The U.S. banking system remains sound and Americans can feel confident that their deposits are safe, Treasury Secretary Janet Yellen said on Thursday, but she denied that emergency actions ...

Fears of a recession are growing on Wall Street, as stress in the banking sector following the collapse of Silicon Valley Bank and worries over the fate of Credit Suisse ...

President Nikos Christodoulides and Finance Minister Makis Keravnos are in constant contact with the governor of the Cyprus Central Bank as of Thursday, following a 30 per cent slump in shares ...

The euro and Swiss franc regained some lost ground on Thursday, as markets reacted positively to the Swiss central bank’s support for Credit Suisse, ahead of a difficult meeting ...

State-owned Cyprus Asset Management Company (Kedipes) on Wednesday reported record cash inflows of €439 million for 2022, as well as a state aid repayment amount of €310 million, since the company’s creation ...

Credit Suisse CSGN.S on Thursday said it would borrow up to $54 billion from the Swiss central bank to shore up liquidity and investor confidence after a slump in its ...

Four companies licensed by the Cyprus Securities and Exchange Commission (CySEC) banked with Silicon Valley Bank (SVB) and Signature Bank, the two US banks which recently collapsed, according to statements ...

The collapse of Silicon Valley Bank has reverberated around the world, sending shockwaves through the global economy, with numerous companies in the US, Europe and the Asia-Pacific region being directly ...

Britain’s NatWest (NWG.L) has imposed new limits on the daily and monthly amount customers can send to cryptocurrency exchanges, seeking to protect consumers from “crypto-criminals”, the bank said ...

Extreme volatility is rattling US Treasury markets in the wake of Silicon Valley Bank’s (SIVB.O) collapse and investors fear a prolonged bout of gyrations before calm returns to ...

US regulators are likely to let emergency measures announced Sunday to shore up investor confidence in the banking sector sink in and increase scrutiny of the industry before intervening with ...

Shockwaves from the collapse of Silicon Valley Bank further pounded global bank stocks on Tuesday as assurances from President Joe Biden and other policymakers did little to calm markets and ...

Startup-focused lender SVB Financial Group (SIVB.O) last week became the largest bank to fail since the 2008 financial crisis, sending ripples across the globe as billions of dollars belonging to ...

Hedge funds ended last week positioned to scoop up winning profits from bearish positions on bank stock falls, according to a note by Goldman Sachs sent to clients late on ...

First Republic Bank’s shares (FRC.N) more than halved in premarket trading on Monday as news of fresh financing failed to reassure investors days after SVB Financial Group’s (...

Bank stocks around the world plunged on Monday even as President Joe Biden vowed to take whatever action was needed to ensure the safety of the U.S. banking system, ...

State regulators closed New York-based Signature Bank SBNY.O on Sunday, the third largest failure in U.S. banking history, two days after authorities shuttered Silicon Valley Bank SIVB.O ...

Investors scrambled to pull down global rate expectations on Monday and abandoned wagers on steep US hikes next week, reckoning the biggest American bank failure since the financial crisis will ...

Bank shares in Europe and Asia plunged on Monday as the collapse of startup-focused Silicon Valley Bank continued to batter markets, while US large banks failed to hold onto a ...