systemic banks Archives - Keep Talking Greece

Greek banks to close down 800 branches, cut 8,000 personnel

November 12, 2018 Economy Comments Off on Greek banks to close down 800 branches, cut 8,000 personnel

Greek systemic banks are forced to cut 8,000 personnel and close down 800 branches across the country. The Single Supervisory Mechanism of the European Central Bank keeps reminding the Greek banks that they have to proceed with drastic cut of operational cost and thus as soon as possible. It was …

Fitch: Greece’s 4 systemic banks would default if Capital Controls are lifted

June 22, 2016 Economy 6

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 …

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