Search Results for: Greece
ECB: Greek banks won’t need even more recapitalisation
December 1st, 2015
Greek banks will not need any further recapitalisation after the latest round, in which the European Central Bank put their additional capital needs at 14.4 billion euros, the ECB’s Monetary Policy Strategy division head Rasmus Rueffer said. The recapitalisation ...
Hackers threaten Greek banks, demand ransom in bitcoins
December 1st, 2015
Greek authorities have created a special team to protect Greek banks from a team of hackers who have allegedly threatened to bring down the lenders’ electronic systems if they do not pay a ransom. Kathimerini understands that the group, ...
Russia and Saudi Arabia Battle for Control of European Oil Market
December 1st, 2015
Both Russian and Saudi companies have aggressively discounted their crude exports to Europe, dimming hopes of production cuts A contest for dominance in Europe’s oil market is heating up between the world’s two biggest oil exporters—Saudi Arabia and Russia—as ...
Piraeus Bank fails to get needed private funding
November 23rd, 2015
Greece’s second largest lender by assets Piraeus Bank SA announced on Saturday that it didn’t manage to raise all the funds needed from private investors, after capital shortfalls outlined by the European Central Bank in October. This means that ...
Greek banks: Recap offers are oversubscribed
November 19th, 2015
Greece: Banks National and Alpha are likely to announce the successful completion of their share capital increases on Thursday, following Eurobank’s announcement on Wednesday to the same effect, while Piraeus is keeping its book of offers open. It is ...
After Grexit and Brexit, now is Fixit? a Finnish exit of the single currency
November 19th, 2015
A ‘Fixit’? Finland to debate leaving the euro zone We’ve heard of a “Grexit” and “Brexit” to refer respectively to the threat of Greece and Britain leaving the euro zone and European Union. But now there’s a “Fixit” – ...
Gold demand rises 8% in third quarter
November 12th, 2015
Global gold demand rose 8% in the third quarter, boosted by buying from retail investors in key regions scooping up cheaper metal after it fell in price, said the World Gold Council Thursday. Consumption of the precious metal was ...
Citibank’s new UAE customers will now need to keep more than 10 times as much money in bank accounts
November 12th, 2015
Citibank’s new UAE customers told to have Dh35,000 minimum account balance Citibank said new customers in the UAE will now need to keep more than 10 times as much money in bank accounts than previously required as it focuses ...
Portugal Is Potentially A Very Big Deal
November 11th, 2015
Portugal has entered a phase change, with potentially huge ramifications. After handing a parliamentary majority to a coalition of leftist (i.e., anti-austerity, anti-euro, anti-NATO) parties, and then trying to prevent them forming a government, the country now looks likely ...
Eurogroup urges Athens to deliver reforms in a week – Remarks by J. Dijsselbloem
November 10th, 2015
Greece failed to secure the release of 2 billion euros in bailout funding at a Eurogroup summit on Monday, as expected, with creditors prodding Greek officials to push forward with outstanding reforms and reach a compromise on thorny issues ...
