ECB seen hiking 25 bp as policy impact becomes clear

A fresh flash estimate for inflation in the 20 eurozone countries and the latest ECB bank lending data shows that higher interest rates are slowing down economic growth in Europe, fuelling expectations among fixed income analysts and economists of a smaller rate increase of 25 basis points - following six consecutive hikes of 50 basis points - when the ECB›s monetary policy decides is next step on Thursday.

Chez Delen Private Bank, le banquier cède de plus en plus de place à l'informaticien.

Un quart des collaborateurs de la Banque privée Delen sont des professionnels de l’informatique. Outre la passion pour la technologie qui coule dans le sang de la famille Delen, la réglementation a accru l’importance de l’informatique. Tout comme le plus grand défi actuel pour Alexandre Delen, membre du conseil d’administration : la cybercriminalité.

Luxembourg banks brace for economic downturn

Grand Duchy banks are taking action to prepare for an economic downturn, according to bank sector association ABBL

At its annual general meeting on Thursday, the organisation noted that rising interest rates and geopolitical uncertainty have caused households and companies to become reluctant investors. Banks began setting aside more provisions last year in order to cover increased risk of credit defaults - a move already reflected in 2022 figures with an increase of over 400%. 

Luxembourg aspires leadership in Europe’s crypto markets

Luxembourg is leading the way in Europe when it comes to crypto and blockchain technology. With MiCA, a new set of regulations from the European Parliament, Luxembourg’s early bet on cryptocurrency has been validated! We with Nasir Zubairi, CEO of The LHoFT - Luxembourg House of Financial Technology who sees this as an opportunity for cryptocurrencies and crypto assets to enter mainstream markets within EU countries, and heard from banking assocation ABBL.

« Nous utilisons une approche très personnalisée de la banque privée »

« En tant qu’acteur de niche, nous nous distinguons par des services poussés et une architecture totalement ouverte. Tout commence par une écoute attentive du client », déclare Xavier Rubbens, directeur chez Intesa Sanpaolo Wealth Management Belgique. 

Luxembourg’s Euro MTF bourse offers trading in Macao securities

The Luxembourg stock exchange on Tuesday said it will offer trading in Macao-listed securities on its self-regulated Euro MTF market. Close to two billion euro in Macao bonds will be dual-listed on the two exchanges. China, which controls Macao, sees the cooperation as part of its One Belt-One Road initiative.

The bourse said it has signed an agreement with representatives of Macao and China to extend its cooperation to securities listed on the Chongwa (Macao) Financial Asset Exchange Co. Ltd., a market known as MOX.

Police raid AC Milan’s holding companies in Luxembourg

In a dawn raid on Friday, Luxembourg judicial authorities searched for documents of two holding companies in relation to last year’s 1.2 billion euro sale of Italian football club AC Milan to a US-based sports investment fund. The sale is still contested by a third Luxembourg holding company, Blue Skye Financial Partners, which owned a small minority stake in AC Milan.