HFSF

Eurobank officials said the institution will need to put itself in the hands of the Greek state’s lender support fund, which will fully and immediately implement its recapitalization, and draft a strategy toward strengthening the lender via the acquisition...

Greece's more than century-old Hellenic Postbank faces a big change - over the protest of its workers - after the newspaper Kathimerini reported that Greece’s creditors approved a plan to have its healthy assets absorbed by the  Hellenic Financial...

Greece’s four largest banks need to boost their capital by 27.5 billion euros ($36.3 billion) after taking huge losses from the government-imposed debt swap earlier this year, the largest sovereign restructuring in history. The National Bank of Greece, the country’s...

Hellenic Postbank, a small state-controlled lender, is insolvent, Finance Minister Yiannis Stournaras said, and must be sold or transferred to private investors. It was a big lender to the government, which last year imposed 74 percent losses on investors,...

Facing a deadline this month to pay a $3.82 billion loan payment or risk defaulting, Greece has again managed to escape, by selling $5 billion in 13-week treasury bills, mostly to Greek banks who had been recapitalized by the...

ATHENS – The Greek government has agreed to hand over the performing loans and healthy assets of nearly-insolvent state-run ATEbank to the privately-run Piraeus Bank to keep it from closing, but the toxic assets will be given to the...

ATHENS – With Greece’s bank sector reeling in the wake of big losses imposed by the government as part of a deal with international lenders to reduce its debt, the country’s four largest banks have been given 18 billion...

Greek banks will post deep losses for 2011 when they report results on Friday, with the spotlight on the scale of the capital hit they suffered from big bond writedowns and provisions for bad loans. Battered by a debt crisis...

Greece will take more time to wrap up a bank recapitalization plan it was set to unveil on April 20 and key terms may be have to wait until after a May 6 national election, government officials said on...