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Greece Recapitalizes Biggest Banks With 18 Billion Euros

ATHENS – With Greece’s bank sector reeling in the wake of big losses imposed by the government as part of a deal with international...

Piraeus Bank Sues Reuters News Agency Over Published Article

On April 2, Reuters news agency published an article about "strange" property deals between the Greek Piraeus Bank and its Chairman family members. But Piraeus...

Greek Banks Could Nix Loans to Ship Owners

ATHENS – Greece’s shipping industry, which pays no income taxes to its homeland, may find it difficult to get more financing from Greek banks...

Bank Manager in Thessaloniki Embezzles 2.4 Million Euros

The manager of the Piraues Bank branch in Thessaloniki has been charged with embezzling 2.4 million euros from her clients’ accounts within the past 3...

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