Calamos Supports Greece

Hellenic Bank

Maximum Cash Withdrawal Limit Rises to €1800 as Capital Controls Ease

New regulations easing capital controls and raising the maximum monthly cash withdrawal limit to 1800 euros came into effect on Friday. The measure had been announced and passed as an act of legislative content in early August. A Hellenic Bank...

Greek Withdrawal Rush At Cypriot Branches

After being closed since March 15 during Cyprus' economic crisis amid fears depositors would rush to withdraw their money, 312 branches of Cypriot banks in Greece were back in operation on March 27 after being taken over by the...

While Anastasiades Fiddled, Money Fled Cyprus

Delays and indecision by newly-elected Cypriot President Nicos Anastasiades' government allowed a huge outflow of cash from the island's banks even though they were closed and limits were placed on most withdrawals, the news agency Reuters reported. In banknotes at...

Cypriot banks in Greece Which Remain Closed

Greece's Piraeus Bank expects to conclude deals to take over the Cypriot banks operating in Greece by noon on Tuesday, Greece's third-largest lender by assets said. On Friday Greece's bank bailout fund picked Piraeus to acquire the Greek operations of...

Cypriot Banks In Greece Open March 26

Branches of Cypriot banks in Greece that have been closed since March 25 to prevent withdrawals until the island's goverment finalized a bailout with international lenders, will open as normal on  March 26 following the agreement between their parent...

Stournaras: Greek Lender Starts Acquiring Local Cypriot Operations

Greece's Finance Ministry said Friday that a Greek bank will immediately start acquiring the local operations of Cypriot banks in close cooperation with the island's central bank. "With this development, Greece is shielded (from the Cyprus crisis) as the total...

Cypriot Granny Beats Bank Tax

Two weeks ago the employees of a bank in Cyprus were making fun of an old lady who was afraid for her deposits and now they regret not following her example. Every Friday for the last month, a retired Pontic...

Greece Shuts Cypriot Banks For 2 Days

Depositors with money in Greek branches of Cypriot banks will find the institutions closed on March 19 and 20 as part of a plan by Cypriot authorities to prevent access to account holders on the island before up to...