banking

Bank of Greece Governor Yiannis Stournaras said that capital controls will be lifted if a deal is made at the Eurogroup on May 24. He said that an agreement between Greece and its creditors would herald an end to...

European Commission officials are recommending a change in Greek banking policy to reduce the impact that the imposition of capital controls has had, sources told the Athens News Agency on Thursday. The adoption of a different treatment on existing...

Ratings agency Moody’s said on Monday that uninsured depositors in Greek banks are in danger of losing some of their money in case of a bank’s insolvency. Moody’s noted that the changes in the EU Bank Recovery and Resolution Directive, which was legislated in...

The Australian Department of Foreign Affairs and Trade issued a warning for potential problems in banking services for travellers to Greece. According to the instructions, visitors to Greece must have with them at least two means of payment such as...

A potential Grexit probably wouldn’t be a major deal for foreign banks, ratings agency Standard & Poor’s said on Tuesday, adding that it doesn't plan to downgrade their ratings. "Given the relatively limited scale of banks’ exposures to Greece, we do not...

The construction of the 303-million-euro ($383 million) glass diamond-shaped skyscraper in the heart of Istanbul, Turkey,  is due to be completed. The pompous building will be the headquarters of Finansbank AS and for the Turkish bank's Greek owner, National...

Cyprus will not yet be revealing the identities of individuals and companies that transferred money off the island in the days leading up to last year's bail-in of bank depositors, the parliamentary House Ethics Committee declared Thursday. The committee decided...

Canada’s 100 most powerful women are currently featured in a Canadian newspaper called “National Post.” Among the women listed is the Greek, Catherine Karakatsanis. The National Post wrote on Karakatsanis impressive career highlights saying, “armed with 24 years in progressively...

Newly-elected Cypriot President Nicos Anastasiades, who is imposing a plan he had previously opposed that will confiscate big chunks of bank deposits, and Central Bank Chief Panicos Demetriades were the subjects of a threatening note, the newspaper Politis reported. It...

Greece΄s biggest lender, National Bank (NBG), said that Canadian investment fund Fairfax Holdings was interested in acquiring a stake in it by taking part in a planned recapitalization, Reuters reported. NBG has recently taken over its former biggest rival, Eurobank....