Banking and Finance

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 ...

US regulators may have stemmed a banking crisis by guaranteeing deposits of collapsed Silicon Valley Bank (SVB), but some experts warn that the move has encouraged bad investor behaviour. Following ...

The biggest US banks are so tied up in regulatory red tape that they couldn’t cause a crisis if they tried. The 16th largest, though? That’s a different ...

Technology executives, prominent venture capitalists and founders including OpenAI CEO Sam Altman raced this weekend to keep alive companies caught up in the collapse of Silicon Valley Bank (SIVB.O). ...

Cracks are appearing in the global financial system as the decade-long era of cheap money ends, with some investors worrying the shock collapse of Silicon Valley Bank signals world markets ...

SVB Financial Group Inc’s (SIVB.O) shutdown and takeover by banking regulators on Friday can be traced to the US Federal Reserve raising interest rates and souring the risk ...

The US Federal Reserve and the Federal Deposit Insurance Corp are weighing the creation of a fund that would allow regulators to backstop more deposits at banks that run into ...

British finance minister Jeremy Hunt said on Sunday he was working with Prime Minister Rishi Sunak and Bank of England Governor Andrew Bailey to “avoid or minimise damage” resulting from ...

Startup-focused lender SVB Financial Group SIVB.O became the largest bank to fail since the 2008 financial crisis on Friday, in a sudden collapse that roiled global markets, left billions of ...

Hellenic Bank this week announced that it has issued a new €200 million Tier 2 Subordinated bond under the EMTN Programme. According to the announcement, the bond was issued at its nominal ...

SVB Financial Group (SIVB.O) scrambled on Thursday to reassure its venture capital clients their money was safe after a capital raise led to its stock collapsing 60 per cent and ...

Two years after inflation began its rapid ascent, investors, economists and policymakers remain divided on the path ahead. Yes, headline inflation across major developed economies has retreated from multidecade highs, ...

Equities revenue plummeted 95 per cent in the fourth quarter Bank earlier informally looked at options for unit Bank declines to comment on ‘rumours and speculation’ At the grandiose Fontainebleau Miami ...

The Cyprus Computer Society this week released a statement congratulating Deputy Minister of Research, Innovation and Digital Policy Philippos Hadjizacharias for his recent appointment to the role. “The Cyprus Computer ...

A concert cellist linked to Vladimir Putin moved millions through Swiss bank accounts without any proper checks, prosecutors will allege on Wednesday, in a case that highlights the murky financial ...

The Association for the Protection of Borrowers (Syprodat) this week said that the government should immediately implement a new mechanism or modify any existing frameworks in order to resolve the ...

The Bank of Israel has instructed local banks to report more frequently on the movement of money in and out of Israel, a central bank spokesperson said on Tuesday. The ...

Household deposit and lending rates in Cyprus experienced a slight decrease in January 2023, while the corresponding rates for non-financial companies increased, according to a report by the Central Bank of ...

The inflation rate in Cyprus reached 6.7 per cent in February 2023, with the Consumer Price Index increasing by 0.87 points to 112.88 points, compared to 112.01 points in January 2023, according to a report by ...

The US dollar was broadly lower on Monday as investors awaited testimony from Federal Reserve Chair Jerome Powell and looked towards a February jobs report at the end of the ...

Wealth management for institutional clients requires specialisation in order to deal with the tumultuous regulatory environment, as well as all new trends, challenges and opportunities, according to Eurobank Cyprus’ Menelaos ...

Deposits and loans in Cyprus experienced a net decrease in January 2023, according to a report released this week by the Central Bank of Cyprus (CBC). Based on the report, total ...

The Institute of Certified Public Accountants of Cyprus (Selk) this week released a statement congratulating newly-elected president Nikos Christodoulides for his recent election victory. “We also extend our congratulations to ...

By Maria Demertzis When Russia invaded Ukraine on February 24 of last year, the hope was that this unnecessary and brutal war would last only a few weeks. We are now ...