Wednesday, April 7, 2010 as of 11:14 AM ET
Eurobank may refer to:
Read More at Wikipedia ›Greece's central bank governor said Thursday that Greek lenders will receive a capital boost of EUR18 billion either Friday or Monday to cover losses stemming from the country's recent debt restructuring.
"It is very important that during a period of high uncertainty, EUR18 billion of capital is being channeled into banks," said Bank of Greece governor George Provopoulos.The funds, comprising of bonds issued by Europe's temporary bailout facility--the European Financial Stability Facility, or EFSF--are part of a financial assistance package extended by the European Union and International Monetary Fund to Greece and aimed at covering losses from Greece's EUR200 billion debt restructuring in March.Greek banks have been technically insolvent since taking the massive losses on their holdings of government bonds.The EFSF has already transferred EUR25 billion in bonds to Greece's bank rescue fund, which will now advance EUR18 billion in bridge financing to the banks until they can complete a...Greece's new coalition government faces a tough winter as it seeks to implement reforms needed to secure vital EU/IMF bailout funds, while facing a public angry with...
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Greek banks will post big losses for 2011 on Friday, as they will include the writedown on government bonds suffered during last month's bailout deal for the country...
Greece's jobless rate rose to a fresh quarterly record of 20.7 percent in the last three months of 2011, reflecting the country's deep economic malaise, exacerbated ...
Greece's Alpha Bank AE said Wednesday it plans to call off merger plans with rival EFG Eurobank Ergasias SA , because of effects the private-sector bond swap deal ha...
Greece on Monday announced the final stretch in efforts to privatize its national lottery, picking up the pace of long-delayed plans to ease its debt load through th...
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Brazil's leading state-controlled bank, Banco do Brasil (BBAS3.BR), has completed its planned $6 million purchase of Florida-based Eurobank, Banco do Brasil said Thu...