Operators within the hospitality sector were one of the most negatively impacted businesses as a result of the lockdown measures imposed by the COVID-19 restric
ECB monetary operations
On May 24, the European Central Bank announced the seven-day main refinancing operations (MRO). The operation was conducted on May 25 a
ECB monetary operations
On May 17, the European Central Bank (ECB) announced the seven-day main refinancing operations (MRO).
The operation was conducted on M
Calamatta Cuschieri has announced the promotion of Stephen Borg to the role of Head of Private Clients. Borg shall be responsible for developing and nurturing the relationship with high-net-worth individuals and corporate clients in relation to their discretionary portfolios held with the company.
This is a new position within Calamatta Cuschieri, reflecting the company s strategic focus in continuing to build on the growth registered in this segment over the past few years.
Michael Galea, Chief Operating Officer of Calamatta Cuschieri said: “It is no secret that demand for discretionary portfolio management services is on the increase as investors seek to benefit from the value added that investment managers can bring to investors portfolios.
ECB monetary operations
On May 10, the European Central Bank announced the seven-day main refinancing operations (MRO). The operation was conducted on May 11 and attracted bids from euro area eligible counterparties of €111 million, €39 million more than the previous week. The amount was allotted in full at a fixed rate equivalent to the prevailing MRO rate of zero per cent, in accordance with current ECB policy.
On May 12, the ECB conducted the six-day and 83-day US dollar funding operations through collateralised lending in conjunction with the US Federal Reserve. The six-day USD operation attracted bids of $78 million, which were allotted in full at a fixed rate of 0.31 per cent. The 83-day USD operation attracted bids of $50 million, which were also allotted in full at a fixed rate of 0.33 per cent.