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National Bank Of Greece SA

ADR Shares End Mostly Unchanged Ahead of Bernanke Testimony

International companies trading in New York closed mostly unchanged Tuesday ahead of testimony from Federal Reserve Chairman Ben Bernanke.The Bank of New York index of ADRs was little changed at 142.66.On Wednesday, Mr. Bernanke is scheduled to testify before Congress, and the minutes of the most recent meeting of the Fed's monetary-policy committee are to be released.On Tuesday, speeches by two regional Fed presidents helped assuage some investor concerns that the Fed was leaning toward winding down its stimulus.The European index was also flat at 134.23.Cruise-line operator Carnival PLC (CUK, CCL.LN) slashed its full-year guidance, noting cruise ticket pricing has led to lower-than-expected revenue yields and voyage cancellations and increased costs are expected to hurt bottom-line results. Shares fell 5.7% to $34.78.Shares of National Bank of Greece SA (NBG, ETE.AT) continued to slide, tumbling 10% to $1.42. The company said Monday that it will sell 2.27 billion new shares as part o...

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  1. Greece Suspends Bank Merger

    Greece has suspended the merger of the country's two largest lenders, National Bank of Greece SA (NBG, ETE.AT) and Eurobank SA (EUROB.AT), following objections from ...

  2. Greece's Eurobank, National Bank Shares Plunge

    Shares in National Bank of Greece SA (NBG) and Eurobank Ergasias SA (EUROB.AT)--the country's two biggest lenders--were sharply lower in early trade Monday after the...

  3. National Bank Of Greece Sinks After Merger Halt

    Shares of National Bank of Greece SA and Eurobank Ergasias SA both sank 30% in early action on Monday, after a merger between the two banks was halted by the governm...

  4. Big Greek Banks Post Steep 2012 Losses

    Three of Greece's largest lenders on Wednesday reported steep losses for 2012 due to the country's deep recession, and downplayed the impact a banking crisis in neig...

  5. EUROPE MARKETS: Europe Stocks Battle For Black After Losing Streak

    European stock markets struggled to push into positive territory on Tuesday after a three-day losing streak, as investors kept an eye on the fallout from the Cyprus ...

  6. EUROPE MARKETS: Cyprus Bailout Vote Keeps Europe Investors On Edge

    European stock markets dropped for a third straight day on Tuesday, as news reports said the ruling party in Cyprus would abstain from voting on a key decision on th...

  7. Euro Banks Tumble on Cyprus Bailout Fallout

    Shares of European lenders like Deutsche Bank (NYSE:DB) and Credit Suisse (NYSE:CS) sold off Monday morning as investors fret about the consequences of a bailout of ...

  8. Is It Time For Investors to Go Greek?

    Greece... recent memory brings only thoughts of severe depression, massive fiscal fraud and spiraling debt loads. Throw in an IMF bailout that nearly failed (twice) ...

  9. EUROPE MARKETS: U.S. 'cliff' Turmoil Sinks European Stocks

    European stock markets trimmed initial losses but ended lower Friday, led by banks and resources shares, as a turn for the worse in U.S. fiscal-cliff negotiations pr...

  10. Greece to Ask for Additional Loans to Finance Debt Buyback Deal

    Greece will ask official lenders for more loans to buy back billions of euros of bonds tendered by private investors at sharply discounted prices in an exchange cruc...

  11. Greece Extends Debt Buyback Offer

    Greece announced Monday a one-day extension in its plan to buy back tens of billions of euros of debt--a move demanded by the country's official creditors in exchang...

  12. Greek Banks Ready To Participate 100% in Buyback

    Greece's banks are ready to hand over up to 100% of the Greek government bonds they hold for the country's debt buyback program, a senior banking official said Frida...

  1. Piraeus Bank Posts First-Quarter Net Profit After Merger Deals

    Piraeus Bank (TPEIR.AT), one of Greece's largest lenders, on Monday reported a first-quarter net profit of 3.62 billion euros ($4.64 billion), largely due to a one-o...

  2. Greece ETF: An Emerging Markets Star

    Last Friday, the Global X FTSE Greece 20 ETF (NYSE:GREK) surged over five percent on volume that was nearly six times the daily average. Much of that move can be att...

  3. EUROPE MARKETS: Europe Stocks End Lower But Germany's DAX Gains

    European stock markets ended mostly lower on Tuesday following disappointing economic data, while strong gains for Deutsche Bank AG led the German stock index to a h...

  4. EUROPE MARKETS: Germany A Bright Spot In A Down Europe Market

    German stocks provided the lone bright spot in European stocks, where markets broadly fell on downbeat Europe and U.S. economic data and as investors stepped back ah...

  5. Greek Lenders Work to Fill Gaps from Debt Restructure

    Greece's largest lenders are working to raise money to cover massive holes left behind by the country's debt restructuring, with one bank admitting Monday it has giv...

  6. Portugal's BCP Bank Sells Greek Unit to Piraeus

    Greece's Piraeus Bank SA (TPEIR.AT) has agreed to purchase the Greek unit of Portuguese lender Banco Comercial Portugues SA (BCP.LB, BPCGY) in a deal that will provi...

  7. EUROPE MARKETS: Portugal Stocks Slump In Otherwise Upbeat Europe

    Portuguese stocks slumped in an otherwise upbeat Europe on Monday, after the country's high court struck down some of the austerity measures enacted as part of its 7...

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