“May you live in interesting times.” This phrase is usually attributed to Confucius, but we will never know whether he said it. However, we have learned what it is like to live in times of change when humanity experiences one unprecedented crisis after another brought about by the Covid-19 pandemic, the war in Ukraine instigated by […]

“In the morning, I have an idea. During the day, we discuss it with colleagues, and we can start implementing it the next day. Every day I go home satisfied because I know I’m working for results.” Only a few executives can afford the luxury of such flexibility and efficiency. But for Robert Schoepf, Chairman […]

The European Central Bank (ECB) has concluded the Asset Quality Review (AQR) of  Citadele Bank. The results of ECB’s exercise highlights the quality of Citadele Bank’s asset base and risk underwriting. In line with current practice, all banks that become subject to the ECB’s direct supervision undergo an AQR and stress testing (Citadele Bank currently […]

Segregated bank accounts are helpful for all manner of businesses, but particularly those bound by strict regulations, such as investment funds, insurance companies, brokers and payment service providers – in other words, modern FinTech players. A payment institution cannot secure a financial service provider’s license without maintaining segregated accounts. How does it work?  Imagine a […]