Greece
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Lavrentiadis

Greece Will Sell Troubled Proton, Postbank

Two of Greece's shakiest banks, Hellenic Postbank and Proton, will have to be sold by mid-July as the  country's largest banks continue gobbling up smaller institutions as part of plans to help the beleaguered economy begin to recover, envoys...

Pontiki Publisher Uses Stay-Out-Jail-Card

The publisher of a satirical magazine that pokes fun at government officials and scandals has avoided prosecution on charges of receiving a 500,000 euros ($654,700) payment from a businessman whose bank accounts in Greece were frozen has avoided prosecution...

Proton Bank Suspect Fled As Priest

Petros Kyriakides, one of the principals wanted in connection with corruption that forced the government to take over the Proton Bank, fled Greece dressed as a priest and was accompanied by two men dressed as clergy, the newspaper To...

Greek Drug CFO Arrested in Bank Probe

The scandal of the failed Proton Bank that has led to fraud and embezzlement charges being filed against its former main shareholder and 30 others has grown with the arrest of the Chief Financial Officer of one of Greece’s...

Proton Loans Traced to Lavrentiadis

Prosecutors have reportedly found that more than 10 companies set up with minimal capital received millions of euros in loans from Proton Bank that later came under the control of its main shareholder, Lavrentis Lavrentiadis, who has been charged...

Claiming He's Ill, Jailed Greek Banker Seeks Bail

Business executive and former banking chief Lavrentis Lavrentiadis, saying he was too ill to remain in jail, has filed a request with the special magistrate probing his case file asking to be released on bail. Details of his condition were...

Greece With List of 400 London Buyers

With Greek prosecutors already scouring a list of 33 politicians to determine how they obtained their wealth, the government now is probing names on another list – this one of some 400 Greeks who’ve bought luxury homes in London,...

Scandalized Proton Bank Gets Nationalized

ATHENS - The National Bank of Greece has moved to take over Proton Bank, a small lender that is under investigation for possible violation of the country's money-laundering laws and embezzlement. NBG said it had it activated a bank...