Bankers

Yellen says debt standoff risks ‘calamity’

U.S. Treasury Secretary Janet Yellen said in an Associated Press interview Saturday she expects Congress will ultimately vote to raise America's debt limit, but demands by House Republicans for spending cuts in return for backing an increase are "a very irresponsible thing to do" and risk creating a "self-imposed calamity" for the global economy.

National Bank considers options after Romanian subsidiary's sale is rejected

Greece's National Bank (NBG) said on Monday it is considering other options on its Romanian subsidiary Banca Romaneasca after Romania's central bank rejected a deal to sell the unit to Hungary's OTP Bank .

NBG had agreed in July last year to sell 99.28 percent of Banca Romaneasca to OTP Bank Romania, a unit of OTP Bank, as part of an EU-approved restructuring plan.

NBG sells Vojvodjanska Banka to OTP

National Bank of Greece announced on Friday it had signed an agreement to sell its Vojvodjanska Banka unit in Serbia and NGB Leasing as well as its corporate loan portfolio in Serbia to Hungary's OTP Bank for 125 million euros.

OTP said in statement that the deal includes other Serbian units of National Bank of Greece too.