Greek Government Attributes Bank Shares Sell-off to ‘Speculative Pressures’

The Greek government attributed Wednesday's bank share massive sell-off and the sharp drop of the general index in the Athens Stock Exchange to "speculative...

German Press: Greek Banks Pass ECT Stress Tests

"The four major Greek financial institutions do not need new capital injections," said German financial newspaper on Sunday, reporting on the stress tests the...

With Banks Closed, Pay Stoppage In Cyprus

Cypriot officials said on March 26 that with banks not scheduled to reopen until March 28 that the government and businesses won’t be able...

Katseli Criticizes New Corporate Governance Framework for Greek Banks

Restrictive criteria of a new law on banks' corporate governance framework imposed a one-dimensional management scheme on Greek banks, with board members having a limited...

S&P: Foreign Banks Wouldn’t be Much Affected by a Grexit

A potential Grexit probably wouldn’t be a major deal for foreign banks, ratings agency Standard & Poor’s said on Tuesday, adding that it doesn't plan to...

Piraeus Bank Hits Capital Mark

Greece's Piraeus Bank, whose Chairman, Michalis Sallas, has been accused of questionable activities and is set to make a huge profit out of the...

‘I Would Rather Demolish it!’ Anger in Greece as Foreclosure Auctions Gather Pace

Increasing number of indebted Greek homeowners express concern about the fate of their property, despite assurances by the Greek government that primary homes will...

Piraeus Bank New CEO Races to Reach Target for Reducing Bad Loans

Christos Megalou, the new chief executive officer of Piraeus Bank SA is trying to make up for lost time, says a report in Bloomberg. Megalou...

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...

Parliament Committee Concludes Discussions into Bank Loans to Political Parties and Media

A Parliamentary investigating committee looking into the legality of bank loans to political parties and the media officially concluded its nine-month inquiry on Monday,...

Bank of Cyprus Officials Deleted E-Mails

Two of the beleaguered Bank of Cyprus’ former top executives appear to have deleted critical e-mails to cover their tracks over why they decided...

Greek Banks Make Some Progress in Tackling Bad Loans

Greek banks made progress in tackling bad loans in the first quarter, according to Bank of Greece data released on Tuesday. However, nonperforming corporate, housing...

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