Tag Archive | "Bank"

Athens secures strategic bank recapitalization deal with creditors

Athens secures strategic bank recapitalization deal with creditors The Greek Minister of Finance announced on Tuesday an agreement, which he must now defend in Parliament. The bill with prior demands will be going to parliament before the end of the week. Athens is now eager to pass this parliamentary test before … Full News here – […]

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UGA student arrested after making unauthorized deposit in Athens bank parking lot

UGA student arrested after making unauthorized deposit in Athens bank parking lot An Athens-Clarke County police officer reported that early Sunday, he was walking through the parking lot of the BB&T on East Broad Street when he observed a young man urinating. When he realized he'd been seen, the man started walking while urinating … Full […]

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Tuppers Plains bank robbed Tuesday afternoon

Tuppers Plains bank robbed Tuesday afternoon Tuppers Plains bank robbed Tuesday afternoon – The Athens Messenger: News · The Athens Messenger · News · News · Police Scanners · News Advisories · Police & Fire Reports · Athens County Fair. Most recent story. Tuppers Plains bank robbed Tuesday … Full News here – Read more on […]

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Bank recap cash can’t be used for other purposes

The government’s plans to utilize unused funds from the banks’ recapitalization process to tackle the huge problem of bad loans have run into an obstacle in the form of the contracts the country signed with its creditors, as the use of the 10.9 billion euros at the disposal of Hellenic Financial Stability Fund is restricted […]

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Bank accounts continue to bleed

Pressures on Greek bank deposits have continued in March, with sector officials estimating that households and enterprises have withdrawn a net 3 billion euros in the first weeks of this month. Full News here – Latest News

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Bank accounts continue to bleed

Pressures on Greek bank deposits have continued in March, with sector officials estimating that households and enterprises have withdrawn a net 3 billion euros in the first weeks of this month. Full News here – Latest News

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Plans for development bank to finance SMEs

The government is making medium-term plans for the creation of a development bank whose exclusive function will be the funding of small and medium-sized enterprises (SMEs) and youth entrepreneurship, Economy Minister Giorgos Stathakis announced on Monday. Full News here – Latest News

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Bank of Greece governor: uncertainty poses biggest risk to economy

Bank of Greece Governor Yannis Stournaras said on Friday that uncertainty posed the biggest risk to derailing the Greek economy and to the sacrifices made by the Greek people in previous years being lost, stressing the need for fiscal balance and competitiveness to be restored. Full News here – Latest News

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ECB glimpse of Cyprus debt shows limits of bank cleanup

There was a time when a Cypriot on a moderate income could take a gamble on foreign real-estate worth more than his life savings. Full News here – Latest News

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EU investment bank sees no new projects in Greece

The EUs investment bank said Monday it sees no need for new projects in Greece, focusing its efforts elsewhere to get the European economy back on track. Full News here – Latest News

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ECB can veto bank appointments

The European Central Bank (ECB) has issued a terse warning to Greek banks, and particularly to the government in Athens, via its Single Supervisory Mechanism (SSM), over plans to overhaul lenders’ management. Full News here – Latest News

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Greek bank bonds slide after premier refuses to extend program

Bonds of Greece’s banks extended declines, with notes of National Bank of Greece SA falling to a record, after Prime Minister Alexis Tsipras reiterated his government’s rejection of the country’s bailout program. Full News here – Latest News

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Panayiotis Roumeliotis poised for bank bailout fund chair

The managing director of the HFSF bank bailout fund, Anastasia Sakellariou, is seen on her way to visit Deputy Prime Minister Yiannis Dragasakis on Friday. Full News here – Latest News

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Greek central bank says deposit outflow situation under control

Greece’s central bank said on Sunday that the situation with deposit outflows from the country was under control, as it tried to reassure markets ahead of a Jan. 25 snap election. Greek media have reported that there have been significant deposit outflows… … Full News here – Latest News

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German bank exposure to Greece around 23.5 billion euros

German banks have around 23.5 billion euros ($ 28 billion) in credit exposure to Greece, but the systemic risk is limited as the biggest commercial banks, Deutsche Bank and Commerzbank, hold only a tiny fraction of that, according to figures gathered by Re… … Full News here – Latest News

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