Lombard Bank fined €340,000 by FIAU over money laundering shortcomings
FIAU finds low level of risk assessment and enhanced due diligence for PEP and voluminous transactions at Lombard Bank
HSBC will not re-open Mellieħa, San Ġwann, Żabbar and Żebbuġ branches
HSBC will shut down four branches closed during COVID-19 and only re-open Gżira and Rabat branches as tellerless
Regulator shuts down MPM Capital Investments over unlicensed payments service

MFSA issues punishing 10-year ban on MPM Capital directors against taking up approved positions in financial services companies

MFSA issues punishing 10-year ban on MPM Capital directors...

Accommodation and restaurants hit hardest as economy shrinks by 14.9%

The economy shrunk by 14.9% in the second quarter as many businesses closed...

The economy shrunk by 14.9% in the second quarter as many...

Over 16,000 businesses get 50% cut on summer energy bills

€35 million in energy bill cuts for businesses affected by COVID-19...

€35 million in energy bill cuts for businesses...

Registered unemployment on the decline in July despite year-on-year increase

Registered unemployment currently stand at 3,981

Registered unemployment currently stand at 3,981

New eCabs’ app gets redesigned user interface

350,000 app downloads just in 2020 for eCabs

350,000 app downloads just in 2020 for eCabs

Melite stores reopen but COVID-19’s impact on sales starts to bite

Melite said that indications are that retail sales have so far contracted by...

Melite said that indications are that retail sales have so...

ESL and GamingMalta extend partnership agreement

Teams will be able to utilise the GamingMalta partnership for bootcamp...

Teams will be able to utilise the GamingMalta partnership...

Fully-electric London cab is Malta’s latest ride-hailing service

Ryde is the latest ride-hailing service to hit Malta’s shores and is...

Ryde is the latest ride-hailing service to hit...

MeDirect reports €50.1 million losses amid COVID-19 impact

MeDirect Group reported €50.1 million losses after tax for the six months...

MeDirect Group reported €50.1 million losses after tax...

ARQ Fiduciaries fined €15,000 over beneficial ownership breach

ARQ Fiduciaries fined €15,000 for failure to submit declaration of...

ARQ Fiduciaries fined €15,000 for failure to...

DIZZ group streamlines food franchises with €10 million notes issue

DIZZ franchise is issuing a €10 million convertible notes programme...

DIZZ franchise is issuing a €10 million...

MaltaPost fined for late mail delivery

Regulator fines MaltaPost €10,000 for failing to reach quality service targets

Regulator fines MaltaPost €10,000 for failing to reach...

HSBC profits slump 90% in first six months

HSBC posted a pre-tax profit of €1.8 million in the first six months as...

HSBC posted a pre-tax profit of €1.8 million in the...

APS registers €10.3 million interim profit, down from 2019

APS reports satisfactory performance onsidering dramatic impact of...

APS reports satisfactory performance onsidering...

BOV registers €13.8 million profit for the first six months of 2020

Group profits impacted by the economic downturn caused by the COVID-19

Group profits impacted by the economic downturn caused by...

MSC Cruises buys 50% stake in Palumbo Malta Shipyard

Vessels belonging to MSC will be serviced at the Palumbo Malta Shipyard after...

Vessels belonging to MSC will be serviced at the Palumbo...

COVID-hit Melite retail group meets resistance over bond restructuring

Maltese franchise-holder for Accessorize and Calvin Klein in Italy told to “rethink” plan on refinancing bond after COVID-19 shuts down retail

Maltese franchise-holder for Accessorize and Calvin Klein...

Sparkasse Bank fined €217,000 for anti-money laundering breaches by FIAU

Austrian bank failed to carry out proper due dilegence on voluminous transactions by high-risk customers

Austrian bank failed to carry out proper due dilegence on...