Fox Business - The Power to Prosper
Search Site

Wednesday, April 7, 2010 as of 11:14 AM ET

Eurobank

Eurobank may refer to:

Read More at Wikipedia ›

Related Topics

  1. National Bank Of Greece SA
  2. U.S. Banks
  3. M&T Bank
  4. Greece Bailout
  5. Bank of Hawaii
  6. First National Bank
Get updates on Eurobank
Greek Banks To Receive Capital Boost By Monday

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...

Read More ›

  1. Take a Look: Greece's Main Political Risks

    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...

  2. Greek banks may need short-term nationalization: Blackrock

    ATHENS (Reuters) - Some Greek banks may have to be nationalized temporarily to cope if Europe imposes a major discount on Greek bonds as part of a euro zone rescue, ...

  3. Troika Official: Greek Aid Tranche Likely, But Not Guaranteed

    A team of EU/ IMF /ECB inspectors is likely to recommend releasing a vital international aid tranche to Greece but Athens should not take this for granted but first ...

  4. Moody's Downgrades 8 Greek Banks

    Moody's Investors Service on Friday downgraded the ratings of eight Greek banks by two notches each citing a struggling domestic economy and declining deposits among...

  5. Greece's Piraeus Bank Taps Emergency Funding

    Greece's fourth-largest bank Piraeus has been forced to make use of emergency funding from its own central bank after running out of eligible collateral needed to ac...

  6. Bulls Undeterred: Dow Tacks on 2.3%, Extending Last Week's Rally

    FOX Business: The Power to ProsperHurricane Irene's wrath failed to stem the bullish sentiment on Wall Street. The blue chips added more than 250 points on Monday, t...

  7. Moody's: Greek Default Almost Certain

    Moody's cut Greece's credit rating further into junk territory on Monday and said it was almost certain to slap a default tag on its debt as a result of a new EU res...

  8. Euro Zone Debt Tests Not Rigorous Enough?

    Pressure on Europe's banks to raise more capital increased on Monday after last week's stress tests revealed their holdings of European sovereign debt, with likely l...

  9. Europe's banks brace for health check results

    By Steve Slater and Huw JonesLONDON (Reuters) - A health check of European banks is expected to show on Friday that around 10 lenders need more capital to withstand ...

  10. IMF says Greece must move faster on reforms

    By Dina Kyriakidou and George GeorgiopoulosATHENS (Reuters) - The International Monetary Fund (IMF) said on Wednesday Greece must move faster on fiscal and structura...

  11. Greek Violence Heats Up

    Greek police fired tear gas at demonstrators in central Athens on Tuesday at the start of a 48-hour strike to protest austerity measures demanded by international le...

  12. Greek PM to reshuffle goverment to push austerity plan

    By Lefteris Papadimas George GeorgiopoulosFacing public anger over belt-tightening that has erupted into violent protests, Papandreou must now seek a confidence vote...

  1. Polish Central Bank Chief Concerned More Banks On Sale - Reuters

    More European banks, faced with pressure from the euro-zone crisis, may put their Polish units up for sale, following several such recent moves, Marek Belka, governo...

  2. In Wake of Bailout, Greek Banks to Post Big Losses

    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...

  3. Greece's Unemployment Rate Hits Record 20.7%

    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 ...

  4. Alpha Bank Seeks To Scrap Merger With Eurobank

    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...

  5. Greece Launches Second Phase Of National Lotteries Tender

    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...

  6. Twelve Major Firms Say They Will Swap Greek Debt

    Twelve major holders of Greek government debt on Monday said they would participate in a bond swap plan that aims to write down the value of privately-held Greek pap...

  7. Brazil Banco do Brasil Completes Purchase Of Florida's Eurobank

    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...

‹ Prev12Next ›
Freebase CC-BY
Source: Eurobank on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL