Greek court officials A Greek prosecutor brought charges against Morgan Stanley for alleged inside trading in connection with the planned deal between National Bank of Greece and Alpha Bank in January 2011, a merger plan that failed at the end. According to Greek and international media, charges were brought after investigation …

A new twist occurred between the former almost mergers Alpha Bank and National Bank of Greece, as Morgan Stancley acquired 5.1% of Alpha stakes. Some Greek economic portals talk about an “aggressive takeover” by the National Bank of Greece and others report of  huge acquiring of Alpha Bank shared by …

The shares of National Bank of Greece and Alpha Bank are under the microscope of Greece’s  Capital Markets Commission, news portal Zougla.gr  reported. The screening refers to the trading of the shares in the period of time between January 18, when the administration of NBG approached the management of Alpha for the first time, …

Fitch Ratings on Tuesday upgraded Greece’s four systemic banks ratings, following a recent round of upgrades of Greece’s credit rating. Fitch Ratings upgraded Eurobank SA’s Long-Term Issuer Default Ratings (IDRs) to ‘BB’ from ‘BB-‘, and Viability Ratings (VRs) to ‘bb’ from ‘bb-‘. The outlooks on the Long-Term IDRs are Stable. …

They stay up all night outside the police station to get IDs before the digital ones come out in September as scheduled. Many believe the digital IDs will have a microchip to track their holders on 24/7 basis. According to local media, residents of Kozani in western Macedonia, form long …

Greece has a legal obligation to conduct effective investigations into the Pylos shipwreck, which resulted in the death of more than 80 persons with many hundreds still missing, Council of Europe (CoE) Commissioner for Human Rights Dunja Mijatovic said in a letter addressed to Greek Prime Minister Kyriakos Mitsotakis released …

  Greece’s health authorities announced on Saturday 4,761 new coronavirus cases and 72 Covid-related deaths in the past 24 hours.the number of intubated Covid-patients in hospitals stands at 705. Official EODY data December 11 Tests in last 24 hours: PCR 23,222 RAPID 345,529 Positivity PCR+RAPID: 1.29% Since the pandemic began, …

A rugged Byzantine warrior, who was decapitated following the Ottoman’s capture of his fort during the 14th century, had a jaw threaded with gold, a new study finds. An analysis of the warrior’s lower jaw revealed that it had been badly fractured in a previous incident, but that a talented …

An explosion in the state-run mining and metallurgical enterprise LARCO killed a worker, a 55-year-old father of three. The accident comes a day after the LARCO workers’ union denounced “lack of safety measures.” The accident took place in the company’s plant in Larymna, the port town in Fthiotis, Central Greece, …

It was short after 2:30 Friday afternoon when a weird, continuous sound coming from nowhere was heard. initially it was a “Toc!” here and a “Toc!” there and within minutes the feeling of being “bombarded” from all sides. A hail storm in Athens and the sound of hail balls knocking …

Greece’s four systemic banks- Piraeus bank, Eurobank, National Bank and Alpha bank – have successfully passed the stress tests of the European Central Bank. The stress tests results were published on Saturday and were conducted earlier than for other European banks, because Greece is to exit the bailout program in …

The chief executive of Greece’s National Bank (NBG) Leonidas Fragiadakis resigned on Friday after completing his three-year term in the post, the bank said.  Greece’s second-largest lender by assets said in a filing to the Athens bourse that the end of Fragiadakis’ term coincided with the completion of the main …

Good news for more than five thousand Small and Medium Enterprises and Startup in Greece: €640 million will be made available in loan guarantees after new agreements signed by the European Investment Fund and National Bank of Greece. The package includes also €40 million in loans for 3,400 very small …

Fitch Ratings announced an upgrade of four Greek mortgage-covered bonds programmes issued by Alpha Bank, National Bank of Greece and Piraeus Bank to ‘B’ from ‘B-‘, as follows: – Alpha’s covered bonds upgraded to ‘B’ from ‘B-‘; Stable Outlook – NBG’s covered bonds Programme I (NBG I) upgraded to ‘B’ …

The International Monetary Fund (IMF) Executive Board has given “in principle” approval to a new programme for Greece but made this conditional on both assurances from Greece’s European lenders and that reforms remain on track and the debt is sustainable. ‘In principle’ the IMF decision is positive for Greece, in …

The man who would save Greece from the debt, the man who claimed he owned $600 billion, Artemis Sorras, has been sentenced to eight years imprisonment without parole on felony charges for embezzlement. A court in Patras, Sorra’s hometown in Peloponnese, sentenced him and his wife in absentia. The arrest …

Man! One day after the President of Greek Banks Association, Louka Katseli, said that Capital controls would be lifted by end of the year, there comes Fitch-ratings agency and warns that Greek systemic banks would default if the deposit restrictions are lifted. Fitch Ratings affirmed the Long-Term Issuer Default Ratings …

Finally a bank deal to get rid of non-profit bringing subsidiaries. Qatar’s National Bank acquired the Finansbank stake of National Bank of Greece for €2.7 billion. The stake of National Bank in Turkey’s Finansbank was 99.81 percent. However, Greek media report that the acquisition price is much higher as the …

Greece’s biggest bank National Bank is considering options to meet any potential capital shortfall after a stress test later this year but has not finalised plans, which include options for majority-owned Finansbank in Turkey, a source at the bank told Reuters on Monday. Greek press reported on Monday that NBG …

Credit ratings agency FITCH downgraded Greek banks to Restricted Default (RD) on Capital Controls imposed on Monday, June 29th 2015. FITCH STATEMENT: “Fitch Ratings has today downgraded Greece-based National Bank of Greece S.A. (NBG), Piraeus Bank, S.A. (Piraeus), Eurobank Ergasias S.A. (Eurobank) and Alpha Bank AE’s (Alpha) Long- and Short-term …