Tag Archive | "Bank"

Greek bank deposits drop for a second month in February

Greek bank deposits dropped in February for a second month in a row and private sector lending continued to shrink, central bank data showed on Thursday, with no sign of the credit expansion needed to spur economic recovery this year. Deposits of business… … Full News here – Latest News

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Greek bill gives rescue fund legal cover for bank capital boosts

Greek banks that are majority-owned by the country’s bank rescue fund HFSF will be allowed to issue new shares to boost their capital at market prices, according to a draft bill that also gives the rescue fund legal cover to see its stakes diluted. The dr… … Full News here – Latest News

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3/12/2014: Front Page: Anti-corruption chief to head Cypriot central bank

NICOSIA (Reuters) – Cyprus’s auditor-general was appointed yesterday to head the island’s central bank, replacing an academic who quit amid acrimony with the government over a chaotic international bailout last year. Chrystalla Georghadji, whose… Full News here – Kathimerini English

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Georghadji appointed new Cyprus central bank governor

Cyprus’ president has appointed Auditor-General Chrystalla Georghadji as the bailed-out country’s new central bank governor. A government statement Tuesday said Georghadji will take up her new post April 11 and that European Central Bank chief Mario Dragh… … Full News here – Latest News

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ECB to keep interest rates low as European economy revives, says central bank official

The European Central Bank will keep interest rates low as the economy picks up because the region’s economic output is still below potential, according to Executive Board member Sabine Lautenschlaeger. “The output gap we acknowledge by our forward guidanc… … Full News here – Latest News

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3/8/2014: Front Page: Bank shares volatile after stress tests

Greek banks saw their share prices swing sharply yesterday after the country’s central bank said they need to raise billions of euros to plug holes in their finances. Late on Thursday, the Bank of Greece said the sector needs to raise 6.4 billion euros… Full News here – Kathimerini English

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2/14/2014: Front Page: Bank deposits seen shrinking in January

Private sector deposits at Greek banks posted a significant decline of more than 2 billion euros in January compared with December 2013, according to estimates by bank officials. The officials note that the decline is due to the increased tax… Full News here – Kathimerini English

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Bank deposits seen shrinking in January

Private sector deposits at Greek banks posted a significant decline of more than 2 billion euros in January compared with December 2013, according to estimates by bank officials. The officials note that the decline is due to the increased tax obligations … … Full News here – Latest News

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Greece’s Alpha Bank said to be in talks to buy Citi’s local retail ops

Greece’s Alpha Bank is in talks to acquire part of Citibank’s local retail banking operations, financial daily Imerisia reported on Tuesday. Alpha Bank, Greece’s fourth-largest lender by assets, is majority owned by bank rescue fund HFSF. Citibank, which … … Full News here – Latest News

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Former TT bank head released after paying 2-million-euro bail

The former head of Hellenic Postbank (TT), Angelos Filippidis, was released on Monday after posting 2 million euros in bail following several hours of testimony before a magistrate on charges of fraud and money laundering. The former banker, who returned … … Full News here – Latest News

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2/8/2014: Front Page: Bank cost savings may help rescue fund buffer

LONDON (Reuters) – Efforts by Greece’s top four lenders to cut costs and sell noncore activities may generate capital equivalent to a 5-billion-euro boost in the Hellenic Financial Stability Fund’s (HFSF) current buffer, the country’s central bank… Full News here – Kathimerini English

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Bank officials forecast return to credit expansion in Q4

Banks are expecting a return to credit expansion in the last quarter of this year after three years of major contraction in the rate of loans issued to the domestic economy. Credit sector officials say that if the economy does rebound, the number of loans… … Full News here – Latest News

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Greece seeks lower bank capital target to help plug country’s funding gap

Greece wants its international lenders to agree to a lower capital ratio for its big banks so there is money left over in its bank rescue fund to help to plug the country’s funding gap, bankers said on Tuesday. Greece is in talks with the International Mo… … Full News here – Latest News

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Bullets sent in mail to Bank of Greece governor

Anti-terrorism officers were on Friday examining an envelope containing two bullets that was addressed to Bank of Greece Governor Giorgos Provopoulos but was stopped by security guards before reaching his office. The bullets were traced by a metal detecto… … Full News here – Latest News

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1/14/2014: Front Page: Euro employers call on PM to complete bank union

The BusinessEurope employers’ federation called on Greek Prime Minister Antonis Samaras to use his country’s six-month presidency of the European Union to broker an agreement on rules for dealing with failing banks. “A properly functioning banking… Full News here – Kathimerini English

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