Latest News for: Luxembourg banking

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Del Vecchio’s close aide takes reins of business empire

FX Empire 04 Jul 2022
The Luxembourg-based firm is also the single biggest shareholder in Milanese merchant bank Mediobanca with 19.4% and the second-biggest investor in Italian insurer Generali with 9.8%. It owns a 27% stake in Paris-listed Covivio and is a long-time investor in bank UniCredit ...
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Del Vecchio's close aide takes reins of business empire

Reuters 04 Jul 2022
The Luxembourg-based firm is also the single biggest shareholder in Milanese merchant bank Mediobanca with 19.4% and the second-biggest investor in Italian insurer Generali (GASI.MI) with 9.8% ... investor in bank UniCredit (CRDI.MI) with a 2% stake.
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PHI Group, Inc. and Tin Thanh Group Sign Definitive Agreement for Collaboration to Execute ...

Eagle-Tribune 01 Jul 2022
PHI Group (n/k/a Philux Global Group Inc., www.phiglobal.com, PHIL ) primarily focuses on PHILUX Global Funds, a group of Luxembourg bank funds organized as “Reserved Alternative Investment Fund” (“RAIF”) ( www.philux.eu ), and building the Asia Diamond Exchange (“ADE”) in Vietnam.
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Cops Investigating ‘WhatsApp for Gangsters’ Arrest Key Suspect in Caribbean

Vice 29 Jun 2022
Details of the arrests were first published in French newspaper Le Parisien ... For reasons unknown he was then released.  ... They revealed how the firm used a shell company in Panama and included an EncroChat member sharing the details of a bank account in Luxembourg with an associate for conducting EncroChat business.  ... U.S ... Then last year, U.S.
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US is Taiwan’s top debtor nation 27 quarters in a row

Taipei Times 26 Jun 2022
China’s exposure to Taiwanese banks was the second-largest, with Luxembourg third, followed by Hong Kong and Japan, the central bank said ... After the US and China, Luxembourg remained in third position, with Taiwanese banks’ exposure on a direct risk basis at US$39.72 billion, down ...
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PHI Group Cooperates with Danang Rubber JSC and Tin Thanh Group to Increase Production and ...

Eagle-Tribune 23 Jun 2022
PHI Group ( www.phiglobal.com, PHIL ) primarily focuses on PHILUX Global Funds, a group of Luxembourg bank funds organized as “Reserved Alternative Investment Fund” (“RAIF”) ( www.philux.eu ), and building the Asia Diamond Exchange (“ADE”) in Vietnam.
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Interview: Luxembourg hopes to boost business relations with China after COVID-19, says minister

Xinhua 22 Jun 2022
"We have six or seven Chinese banks that have their European headquarters in Luxembourg ... Since the first opening of an overseas subsidiary of Bank of China in Luxembourg in 1979, the Grand Duchy has become a gateway to the European Union for Chinese financial institutions and investors.
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RCB passes loans on to Hellenic Bank

Ekathimerini 21 Jun 2022
RCB Bank Ltd has announced that the sale of Tranche B of its performing loan portfolio to Hellenic Bank Public Company Ltd has been successfully completed ... It operated branches in Nicosia, Limassol, Larnaca, Paphos and Luxembourg.
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BNP Paribas and Year Up Partner to Provide Young Adults with Pathways to Meaningful Careers

Enid News & Eagle 21 Jun 2022
The partnership allows the opportunity to host several qualified interns within BNP ParibasCorporate & Institutional Banking function ... BNP Paribas is the European Union’s leading bank and key player in international banking ... Belgium, France, Italy and Luxembourg ... PROFESSIONAL SERVICES EDUCATION HUMAN RESOURCES CONSULTING BANKING TRAINING.
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Egypt's FM discusses with European Investment Bank's president expanding investments in sectors of energy, green transition

Egypt Today 20 Jun 2022
Minister of Foreign Affairs Sameh Shokry met Monday with President of the European Investment Bank Werner Hoyer within his visit to Luxembourg, given that Egypt is the largest non-European partner of the financial institution ... Minister Shokry headed Sunday to Luxembourg to ...
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THE RISE OF ISLAMIC BANKING

Dawn 19 Jun 2022
“We are working in the right direction,” Ismail says, while speaking about the Federal Shariat Court’s recent ruling stating that all banking in Pakistan should convert to Islamic banking ... Countries including the UK, Hong Kong, Luxembourg, South Africa, China and Germany have also been exploring Islamic banking alternatives.
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ECB’s Lagarde tells ministers goal is not to close spreads, but to normalise -source

FX Empire 16 Jun 2022
LUXEMBOURG (Reuters) -The head of the European Central Bank told euro zone finance ... A second official said Lagarde told the meeting in Luxembourg that fragmentation was a “serious” risk that would be addressed, and warned that the bank’s commitment should not be put into question.
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Euro zone ministers urge to cut deficits, debts amid 'not easy times'

Reuters 16 Jun 2022
LUXEMBOURG, June 16 (Reuters) - Euro zone finance ministers urged a return to budget discipline on Thursday to help the European Central Bank fight the risks of a new debt crisis in the bloc amid high inflation, falling growth and market tensions.
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ECB's Lagarde tells ministers fragmentation is serious risk -source

Reuters 16 Jun 2022
LUXEMBOURG, June 16 (Reuters) - The head of the European Central Bank told euro zone finance ministers in a meeting that fragmentation is a "serious" risk that ...

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