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EU Warns of "Potential Instability" in Greek Banking Sector

Valdis Dombrovskis, Vice President of the European Commission, warned on Sunday of "potential instability" in Greece's recovery due to its increasing amount of non-performing loans...

National Bank Chief Katseli Speaks Positively about Greek Banking Sector Post Recapitalization

Luca Katseli, chief of the National Bank, addressed the annual Clinton Global Initiative Congress in New York, and spoke about Greece's position after the completion...

AHEPA to Honor Greek Banker and Philanthropist Nancy Papaioannou

AHEPA, the biggest Greek-American organization, will honor banker Nancy Papaioannou for her commitment to the community. AHEPA's Chapter 326 announced that Papaioannou will receive the...

Moody’s, Goldman Sachs Upgrade Prospects for Greek Economy

The prospects for the Greek economy have been lauded by two separate reports from  Moody's and Goldman Sachs. Moody's estimates that the general government debt...

Banking Crisis: First Republic Collapses

First Republic Bank, headquartered in San Francisco, California, collapsed on Monday in the latest blow to the banking sector in the US. The Federal Deposit...

Greek Economy to Grow 2.2% in 2023, Central Bank Forecasts

The Bank of Greece has raised its economic growth forecast for Greece this year, according to the central bank’s governor, Yannis Stournaras. Presenting the bank’s...

What is Systemic Risk and How Does it Lead to a Banking Crisis?

By Spiros Bougheas The recent collapse of Silicon Valley Bank (SVB), a regional US bank that funded start-up companies in the technology and innovation sector,...

Bitcoin Surges as Crisis Hits Global Banking

Bitcoin was close to nine-month highs on Monday and had its best week in four years as the global banking crisis drives some investors...

Would Greek Banks Survive a Global Financial Crisis?

The shares of Greek banks took a hit on Wednesday following fears of a global meltdown after the troubles of banking giant Credit Suisse. Piraeus...

Biden Promises Stricter Banking Regulations After SV Bank Collapse

On Monday, United States President Joe Biden sought to reassure Americans that the banking system is "safe" following the collapse of Silicon Valley Bank...