Major US banks may have already left Russia as part of Western sanctions, but this does not mean, that they stopped making money from the Kremlin’s invasion of Ukraine. The sale of Russian debt, due to sanctions related to the invasion of Ukraine, has created a window for a new type of arbitrage that creates […]
Tag: banks
Greek banks cancel interest on deposit accounts
The leaders of the four largest Greek banks are ready to press the button to cancel interest on all deposit products: demand, savings and current accounts. Raising negative interest rates in Europe today, even during 2022, could be a possible scenario due to inflationary pressures. However, it will probably take some time until we see […]
Greek banks are looking for 15 billion euros by 2025
Greek banks are planning a series of € 15 billion bond issues to meet the capital requirements set by the SRB by the end of 2025. The SRB is a supervisory mechanism that sets rules regarding the amount and form of additional funds. Every bank should have them so that, if necessary, there are necessary […]