Reuters: Greek Banks Offloading Shipping Debt to Shore Up Capital

Greek banks are considering offloading part of their shipping debt portfolios worth billions of dollars in a bid to shore up their capital, Reuters...

Greek Deputy FinMin: Banks Will Reopen on Monday

Greek Deputy Finance Minister Dimitris Mardas said on Friday that all banks will open on Monday, offering a wide range of services, although a 60-euro daily...

EXIN Buys 75% of Ethniki Insurance in 718 Million Euro Deal

The acquisition of 75% of the Ethniki Insurance, a subsidiary of the National Bank of Greece (NBG), was announced by the Dutch EXIN, which...

Eurogroup Asks EFSF to Assist Greece’s 1.2-Billion-Euro Claim

Eurogroup President Jeroen Dijsselbloem has requested from the Euro Working Group and the European Financial Stability Facility (EFSF) to examine Greece’s request for a...

IFC Examines its Return to Greece, Vice President Says

International Finance Corporation (IFC), a member of World Bank Group, examines its investment return to Greece, Dimitris Tsitsiragos, Vice President of IFC, said on...

Goldman Sachs Says No Greek Growth Plans

The President of the American investment firm Goldman, Sachs, blamed by some critics for helping cause Greece's crushing economic crisis with its financial instruments,said...

Greek Banks Sound Alarm Bells, Warn of Return to Uncertainty

After meeting with the heads of Greece's creditor institutions, representatives of the Greek Banks Association sounded the alarm bells, warning that the Greek economy...

Private Sector Bank Deposits Up for Second Month in a Row

Greek private sector bank deposits increased slightly in November, rising for a second month in a row, Bank of Greece data showed on Friday,...

Greece’s Bank Association Announces Capital Controls Could be Lifted by End of 2016

According to Greece's banking association Greece might be able to lift most or all capital controls by the end of the year. On Saturday, the association said that the...

Greek Stocks End Lower on Third Day of Bourse Reopening

After the third day of reopening of the Athens Stock Exchange, bank shares took another dramatic dive reaching a cumulative 63.81 percent loss. The banking...

Greek Bank Leader Says Crisis Ending

Despite tax revenues falling far short of expectations as austerity measures have cut deep into the disposable income of Greeks who have responded by...

Activist Group Anonymous Hack Bank of Greece

The activist group Anonymous shut down the website of the Bank of Greece on Tuesday, after launching a distributed denial of service (DDOS) attack on the institution, according to a Reuters...

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