Emporiki

Whacked by big losses from government-imposed debt write-downs on investors that means they will need a recapitalization of some 50 billion euros ($66 billion) Greek banks are also staggering under the weight of 46.8 billion euros ($61.8 billion) in...

Crédit Agricole SA said Wednesday it will sell its Greek banking arm Emporiki to Alpha Bank for €1 ($1.31), and said its bottom line would take a hit of €2 billion as a result of the sale. The deal will...