Silicon Valley Bank Shut Down By US Regulators As Domino Effect Looms
Silicon Valey Bank, a tech startup-focused lender, was shut down by US regulators, in what is described as the largest failure since 2008.
Leading Greek American Banker Nancy Papaioannou Joins Alma Bank
Nancy Papaioannou, a leading community banker in New York, has joined Alma Bank as Senior Advisor. Papaioannou joins Alma Bank with over 40 years of banking experience in the United States and Greece, including more than eight years as the...
Survey Finds Older Greeks Overwhelmingly Prefer In-Person Banking
According to a recent survey undertaken by the Active Citizens Fund program, a majority of Greek people over the age of 60 prefer to complete their banking duties in person rather than online. The data showed that despite living in...
Piraeus Bank, Intrum Join Forces to Tackle Greece's Bad Loans
Piraeus Bank, the leading lender in Greece, announced on Monday it has teamed up with Sweden's Intrum for the management of its 27-billion-euro ($30 billion) bad loan portfolio. The agreement, which, according to the Bank, will provide a boost in...
Piraeus CEO: Greek Banks to Significantly Reduce Bad Loans by 2021 (VIDEO)
The high level of bad loans in Greece is still the largest economic issue that the embattled nation needs to focus on, the head of Piraeus Bank told the American television network CNBC on Monday. Christos Megalou said that there...
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 (NPLs). In an interview with the Athens News Agency, the EU official explained that the mountain...
Greece's Private Sector Bank Deposits Drop for Second Month
Greece's private sector bank deposits dropped for two consecutive months, in October and November of 2018, according to data released by the central bank of Greece on Thursday. The decrease represented 90 million euros in total, and stands in stark contrast to...
Piraeus Bank Returns to Profitability, Says CEO Christos Megalou
Piraeus Bank CEO Christos Megalou says that Greece’s largest lender is returning to profitability in an exclusive interview with the Greek Reporter. Speaking at the 20th Annual Capital Link “Invest in Greece Forum” held in New York last week, Megalou...
Report: 4.8 Million Confiscations of Bank Accounts Between 2015-18
According to a study published by the Greek Ombudsman, the Greek state has increased the number of confiscations of bank deposits in recent years, in an effort to collect taxes and social security contributions. The Greek Ombudsman has received a...
OPINION: Bankers and Gangsters
The Jordanian people took to the streets for three days and nights in protest against a new austerity tax bill forcing Prime Minister Hani Mulki to quit. They could no longer cope with the rising consumer prices and falling salaries;...