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Greece

Moody's and JP Morgan Talk About Capital Controls Due to Large Outflows

Moody's and JP Morgan warned that the continuing outflow of deposits from Greek banks has significantly increased the risk of Greek authorities imposing capital controls to limit them. Indeed this would be a credit negative event for Greek banks. According...

JP Morgan: Greek Banks' Deposits Outflow Reached 3 Bln Euros Last Week

The Greek banks' deposits outflow during last week -and before Friday's Eurogroup deal on the loan agreement four-month extension reached between the Eurozone's Finance Ministers and their Greek counterpart Yanis Varoufakis- amounted to a total of 3 billion euros, according...

JP Morgan: Greek Banks Will Not Have Any Liquidity Problems

Greek banks will not have any liquidity problems following the European Central Bank's (ECB) decision not to accept Greek bonds as collateral, as banks will use the Emergency Liquidity Assistance (ELA) mechanism, JP Morgan said on Thursday. The US investment bank...

JPMorgan CEO's Visit in Athens Canceled

JPMorgan Chase & Co Chairman, President and CEO Jamie Dimon canceled his two-day visit to Athens due to medical reasons. He was supposed to arrive in Athens on July 2 for talks with the Greek Prime Minister Antonis Samaras about...

JPMorgan CEO: A Greek Exit From the Euro Would Have Been Catastrophic

JPMorgan Chase & Co Chief Executive Jamie Dimon said Wednesday that the U.S. economy is on the mend, with businesses rich with cash after having weathered the worst of the financial crisis. "Corporate America is in great shape," Dimon said...

JPMorgan Expects Greek Bond Spread To Widen

JPMorgan Chase forecasts further widening of Greek, Portuguese and Irish bond spreads, as the European leaders’ agreement failed to calm bond markets, according to Bloomberg. "The significant EU agreements reached this month have not been enough to spark investor demand...

Korres Group Announces Strategic Agreement with Morgan Stanley, Profex

Korres SA Natural Products on Wednesday announced a strategic equity agreement with Morgan Stanley North Haven Private Equity Asia IV, LP and Profex Inc.; a distribution company of cosmetic products in China. Under the terms of the agreement, the Korres...

J.P. Morgan Report Sees 'Light at the End of the Tunnel' for Greece

The decision reached by Eurozone finance ministers in Malta concerning Greece increases the chances of a solution for completing the second review of the Greek programme before May 22, according to a report by J. P. Morgan released on...

Stanley Morgan Survey Finds That 9 of 10 Greeks Don't Plan to Redeposit Their Money With Greek Banks

Since the start of the crisis, Greeks have withdrawn many billions of euros from the nation’s banks and nearly all of them do not plan to redeposit their money with Greek banks, according to a survey by Stanley Morgan. The...

Morgan Stanley: Greece Must Simplify Investment Framework

Greece needs to simplify the institutional framework to allow investments and remove the obstacles when investing in land and property, Vice Chairman for Global Capital Markets at Morgan Stanley Reza Moghadam said on Wednesday at an event organized by the Athens-based...

J.P. Morgan: Elections in 2014 and SYRIZA's Win

In an economic research note of January 28, the American investment bank J.P. Morgan sees a significant chance (70%) of elections in Greece before the end of the 1st trimester of 2015. Its basic case is that the elections...

Morgan Stanley: Buy Greek Bonds

Investment firm Morgan Stanley is uring investors to buy Greek government bonds. According to the Wall Street Journal, the head of the external strategy of the American bank, Paolo Batori, in a recent economic forum, said that “the Greek...

Demand for Greek 10-Year Bond Exceeds 11 Billion Euros

Investors' bids on a new Greek 10-year bond issue exceeded 11.3 billion euros on Tuesday, with the interest rate of the issue set at 3.9 percent, according to sources quoted by the Athens News Agency. Earlier in the day, Greek...

Greece Plans Return to Markets With Five-Year Bond

Greece's debt agency announced the country's return to the bond markets on Monday, with a five-year syndicated issue of the financial product. The bond issue will be launched “in the near future, subject to market conditions”, authorities said in a...

Political Battle Brews in Greece over 'Paradise Papers'

"All names contained in the Paradise Papers will be scrutinized on the basis of the law," said government spokesman, Dimitris Tzanakopoulos on Tuesday, in light of the recent revelations. "Paradise Papers" are 6.5 million documents that reveal that there are...