Banking and Finance

Credit Suisse job cuts must be frozen bank employees leader says

Reuters Ne...April 11, 2023

Credit Suisse (CSGN.S) and UBS (UBSG.S) must freeze any job cuts planned as part of their emergency merger, the Swiss Bank Employees’ Association (SBPV) said on Tuesday, in an open…

EUs new crypto asset rules dont go far enough ECBs McCaul

Reuters Ne...April 10, 2023

The European Union’s proposed regulations for crypto assets do not go far enough, and safeguards need to be strengthened to capture risks adequately, European Central Bank supervisory board member Elizabeth…

Cyprus Business Now weekly wrapup

Kyriacos N...April 9, 2023

Here’s a summary of the top business news stories from the week starting April 3 in Cyprus: Eurobank Cyprus was awarded the “Best Private Banking Boutique in Cyprus” award by…

Cyprus deficit grew to 246 billion in 2022 ties with Russia still strong

Kyriacos N...April 8, 2023

The Central Bank of Cyprus (CBC) this week released a report stating that the country’s current account deficit reached €2.46 billion in 2022, equivalent to 9.1 per cent of the…

Cyprus Business Now

Kyriacos N...April 8, 2023

The Cyprus Chamber of Commerce and Industry (Keve) on Friday announced that it offering grants between €2,000 and €5,000 for the development of the domestic Bee Economy, through a new…

Credit Suisse wins 41 mln London lawsuit against Saudi Prince

Reuters Ne...April 7, 2023

Swiss lender Credit Suisse (CSGN.S) has won a $41 million lawsuit against a member of the Saudi royal family over a loan to refinance a super yacht, with London’s High…