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12° Nicosia,
30 March, 2023
 

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Displaying results 1-30 of 104 matches for query bad bank.

1. FinMin stresses importance of stable legislation for out-of-court auctions

https://knews.kathimerini.com.cy/en/news/finmin-stresses-importance-of-stable-legislation-for-out-of-court-auctions

The Finance Ministry has stressed the importance of having stable legislation regulating out-of-court auctions, in tandem with an effective insolvency framework in order to achieve a reduction of bad loans....

2. Credit Suisse borrows more than $50 billion from Swiss National Bank

https://knews.kathimerini.com.cy/en/news/credit-suisse-borrows-more-than-$50-billion-from-swiss-national-bank

Credit Suisse’s shares soared 30% on Thursday after it announced it would move to shore up its finances by borrowing up to nearly $54 billion from the Swiss central bank, bolstering confidence as fears about the banking system moved from the U.S. to Europe....

3. Criticism grows as Europe pushes to restrict cars in cities

https://knews.kathimerini.com.cy/en/news/criticism-grows-as-europe-pushes-to-restrict-cars-in-cities

In an effort to ease traffic congestion and curb greenhouse gas emissions causing climate change, municipalities from Barcelona to Brussels have embarked on what has been called a “transportation revolution.”...

4. Bad luck can't always be held responsible

https://knews.kathimerini.com.cy/en/comment/opinion/bad-luck-can-t-always-be-held-responsible

“It was an unfortunate moment,” the stationmaster in the deadly train crash is said to have claimed. How many times has the inadequacy and failure of the broader Greek state mechanism been hidden behind such phrases? Sometimes it is blamed on “bad luck,” at others, it is dismissed with “That’s Greece.”...

5. 2023 will be the year banks dole out dividends

https://knews.kathimerini.com.cy/en/business/2023-will-be-the-year-banks-dole-out-dividends

Apart from entering 2023 with inflationary tendencies and following a year with a geopolitical crisis due to the Ukrainian one, it is expected to be the year when the term "dividend distribution,"...

6. Guarantor wants off the hook over old bad loan

https://knews.kathimerini.com.cy/en/news/guarantor-wants-off-the-hook-over-old-bad-loan

Cyprus’ financial commissioner came to the rescue of a loan guarantor who says he should not have to pay anything because a former credit union had failed to send him default notices 'without delay' concerning non-payment by the primary beneficiary...

7. Cyprus Banks: Vulnerabilities remain despite progress, says SSM

https://knews.kathimerini.com.cy/en/news/cyprus-banks-vulnerabilities-remain-despite-progress-says-ssm

Cypriot banks have made progress, according to a report by the Single Supervisory Mechanism (SSM), but there are still many issues. ...

8. Hollywood executives brace for ‘year of turmoil’ in 2023

https://knews.kathimerini.com.cy/en/news/hollywood-executives-brace-for-‘year-of-turmoil-in-2023

Hollywood executives are bracing for a brutal “year of turmoil” as the entertainment business faces the combined threat of an economic recession, slower streaming growth, a cinema industry on life support and a potential writers’ strike....

9. The landscape of bank equity is changing in Cyprus

https://knews.kathimerini.com.cy/en/business/the-landscape-of-bank-equity-is-changing-in-cyprus

A day before 2022 came to an end, Eurobank made the announcement that it had added 3.2% more shares of Hellenic Bank, bringing its total to 29.2% (pending regulatory approval), and altering the bank's balance "for good"....

10. Economic events that will be remembered in 2022

https://knews.kathimerini.com.cy/en/news/economic-events-that-will-be-remembered-in-2022

The energy crisis, which intensified after Russia's invasion of Ukraine and resulted in skyrocketing gas prices, took the lead throughout the year....

11. World's largest crypto exchange platform to set up shop in Cyprus

https://knews.kathimerini.com.cy/en/business/world-s-largest-crypto-exchange-platform-to-set-up-shop-in-cyprus

The FTX bankruptcy scandal a few weeks ago rocked the entire crypto world to its core, after its founder Sam Bankman-Fried, the "wonderboy" of the crypto trading world,...

12. FT: The Bank of Cyprus/Lone Star deal is not just about price

https://knews.kathimerini.com.cy/en/news/ft-the-bank-of-cyprus-lone-star-deal-is-not-just-about-price

Cyprus has attracted a different sort of visitor recently. US buyout group Lone Star has taken an interest in Bank of Cyprus, the island nation’s largest lender....

13. Liz Truss becomes Britain new PM after Johnson fallout

https://knews.kathimerini.com.cy/en/news/liz-truss-becomes-britain-new-pm-after-johnson-fallout

Liz Truss will become Britain's next prime minister after winning a leadership race for the governing Conservative Party on Monday, vowing to press ahead with promised tax cuts and action to tackle the deepening energy and cost of living crisis....

14. EU mulls military training for Ukrainian forces

https://knews.kathimerini.com.cy/en/news/eu-mulls-military-training-for-ukrainian-forces

The European Union is considering the possibility of organizing a "training and assistance" mission for the Ukrainian army, which will take place in neighboring countries, the EU High Representative on foreign policy Josep Borrell said on Monday....

15. President signs controversial foreclosure law

https://knews.kathimerini.com.cy/en/news/cypriot-president-signs-controversial-foreclosure-law

A controversial foreclosure bill has been signed into law in the Republic of Cyprus over the objection of the country’s finance minister who accused lawmakers of populism...

16. Boris Johnson has stepped down

https://knews.kathimerini.com.cy/en/news/boris-johnson-has-stepped-down

After an acute political meltdown in the U.K., Prime Minister Boris Johnson has resigned as leader of the Conservative Party, setting in motion a race for a new prime minister....

17. Al Jazeera reporter likely killed by unintentional Israeli gunfire

https://knews.kathimerini.com.cy/en/news/al-jazeera-reporter-likely-killed-by-unintentional-israeli-gunfire

Al Jazeera journalist Shireen Abu Akleh was likely killed by unintentional gunfire from Israeli positions, but independent investigators could not reach a definitive conclusion about the origin of the bullet that struck her, the U.S. State Department said on Monday....

18. Why are we all working so hard?

https://knews.kathimerini.com.cy/en/comment/opinion/op-ed-why-are-we-all-working-so-hard

The idea that technology can liberate us from the drudgery of work is a powerful one. It has also been a powerful disappointment, at least so far....

19. Cyprus will request EC permission to implement mortage-to-rent scheme

https://knews.kathimerini.com.cy/en/news/cyprus-will-request-ec-permission-to-implement-mortage-to-rent-scheme

Cypriot authorities plan to submit in June an official request to the European Commission for the implementation of a mortgage-to-rent scheme, aiming to address non-performing loans collateralized by primary residences and SME business premises with an estimated contractual value of €3 billion....

20. Boris Becker faces jail term for failing to declare his millions

https://knews.kathimerini.com.cy/en/news/boris-becker-faces-jail-term-for-failing-to-declare-his-millions

Three-time Wimbledon champion Boris Becker could be sent to jail today as he faces a sentence for flouting the terms of his 2017 bankruptcy....

21. Euler Hermes is now Allianz Trade

https://knews.kathimerini.com.cy/en/business/euler-hermes-is-now-allianz-trade

Todaymarks a new chapter in our story: Euler Hermes, the world leader in trade credit insurance, becomes Allianz Trade – a natural moveas we have been fully part of the Allianz Group since 2018...

22. Medvedev: 'We will supply food and crops only to our friends'

https://knews.kathimerini.com.cy/en/news/medvedev-we-will-supply-food-and-crops-only-to-our-friends

Russian President Vladimir Putin said sanctions imposed by Western nations would lead to a global food crisis, Reuters reported....

23. Phil Collins performed his last ever concert in London on Saturday (video)

https://knews.kathimerini.com.cy/en/news/phil-collins-performed-his-last-ever-concert-in-london-on-saturday-video

The 71-year-old music legend - who can no longer hold a drumstick after surgery on his back - performed with Genesis at the O2 Arena in London on Saturday night....

24. Everything You Need to Know About Crypto Today (at least for the next 8 hours!)

https://knews.kathimerini.com.cy/en/business/everything-you-need-to-know-about-crypto-today-at-least-for-the-next-8-hours

Don’t be intimidated by my headline if you know nothing about Bitcoin or the Bored Ape Yacht Club. You are in the majority....

25. Cypriot NPLs unchanged in November

https://knews.kathimerini.com.cy/en/business/cypriot-npls-unchanged-in-november

Total nonperforming loans (NPLs) in Cyprus’ banking sector saw no significant change in November 2021, reaching 4.24 billion euros from €4.26 billion the previous month, according to data released on Friday by the Central Bank of Cyprus....

26. UK government holds breath as it awaits ‘partygate’ report

https://knews.kathimerini.com.cy/en/news/uk-government-holds-breath-as-it-awaits-‘partygate-report

Prime Minister Boris Johnson braced for the conclusions of an investigation into allegations of lockdown-breaching parties, a document that could help him end weeks of scandal and discontent, or bring his time in office to an abrupt close....

27. Tsunami from Tonga volcano eruption leaves trail of flood damage

https://knews.kathimerini.com.cy/en/news/tsunami-from-tonga-volcano-eruption-leaves-trail-of-flood-damage

Tsunami waves caused by an undersea volcano have flooded the Pacific Island country of Tonga, where entire towns have been inundated with water and scientists warn the main island could be blanketed in volcanic ash....

28. Cypriot banks to reduce costs

https://knews.kathimerini.com.cy/en/news/cypriot-banks-to-reduce-costs

The President of the European Banking Authority speaks to "K"...

29. Cyprus frets ‘pandoramonium’ overshadowing good work

https://knews.kathimerini.com.cy/en/news/cyprus-frets-‘pandoramonium-overshadowing-good-work

The Cypriot finance ministry says a European Parliament resolution on Pandora Papers and subsequent criticism by local opposition is overshadowing the amount of good work that has been done on the island against illegal activities, as some parties are calling on the president to step down...

30. The City of London Is Hiding the World’s Stolen Money

https://knews.kathimerini.com.cy/en/comment/opinion/the-city-of-london-is-hiding-the-world-s-stolen-money

In 1969, two years after the Cayman Islands, a British territory, passed its first law to allow secretive offshore trusts, an official government report struck an ominous note....

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