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Panos Resigns as President of MB Financial

Crains Chicago Business reported that longtime commercial banking chief Thomas D. Panos has resigned as president of MB Financial. The Chicago-based bank group has...

DJ: Greece To Appoint Three Financial Advisors

Greece will appoint three foreign international banks as advisors on privatizations and mergers of state-controlled banks, a person with direct knowledge of the matter...

'Goal is to avoid bankruptcy'

Employment and Social Insurance Minister Andreas Loverdos on Sunday warned that he foresees an increase in unemployment after the end of ongoing tourist season,...

Obama Visits NJ Restaurants!

Hundreds of supporters and protesters came out this afternoon hoping to catch a glimpse of President Barack Obama during his visit to Edison, NJ. The President went...

Greece Appoints Advisors to Privatize State Controlled Institutions

An inter-ministerial privatization commission meeting on Friday agreed to appoint two to three advisors to examine the Greek state’s future moves in the country’s...

Package of Measures for Middle-Sized Businesses

Minister for Economics Louka Katselis announced a package of measures ( credits, bank guarantees, subsidies over 9 bilion euros) to give a breath to...

Piraeus Bank eyes acquisitions

Piraeus Bank chairman Michalis Sallas on Thursday announced a proposal for the Group's acquisition of major stakes in Athens-listed ATEbank and TT Hellenic Postbank. Sallas...

Finance Minister: Greece May Return To Markets In 2011

Greece may return to the markets in 2011 given that conditions continue to improve, Finance Minister George Papaconstantinou told CNBC Wednesday. "All our reforms are...

Peaceful Protests During the Voting of the Insurance Bill

Whilst thousands of workers demonstrated peacefully outside the Parliament, all governmental members voted all the articles of the new Issuance bill. Minutes away from signing,...