European Commission Clears Restructuring Plans of NBG & Piraeus Bank
The European Commission announced on Wednesday that it has found the restructuring plans of the National Bank of Greece (NBG) and Piraeus Bank - including the integration of several Greek banks - to be in line with EU state...
Piraeus Bank Reaches Final Deal for Geniki
Greece's Piraeus Bank said on Friday it had reached a final agreement to buy Geniki Bank, the ailing Greek unit of French lender Societe Generale. Societe Generale, which controls 99.1 percent of Geniki, had said in August that it was...
Piraeus Bank Close to Buying French-backed Geniki
Piraeus Bank, Greece's fourth-largest lender, is close to a deal to buy Geniki Bank, media reports said on Aug. 29. Talks between the banks were said to be at an advanced stage and a deal could be reached as...