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NBG likely to sell its insurance unit this year

National Bank of Greece expects to sell its subsidiary Ethniki Insurance this year and plans other sales as part of its restructuring, its chief executive said on Wednesday.

Last month Greece's second largest lender hired Goldman Sachs and Morgan Stanley as advisers on the sale of the insurance unit, banking sources close to the deal said.

Gov't to sound out next US administration at NY event

The 18th annual Greek Investor Forum takes place on December 12 at the Metropolitan Club of New York, organized by Capital Link in association with the New York Stock Exchange. Guest of honor at the event will be Wilbur Ross, senior financial adviser to the new president and future secretary of commerce.

Greek-American Reince Priebus to be Trump’s Chief-of-Staff

On Sunday, president-elect Donald Trump appointed Reince Priebus, the chairman of the Republican National Committee and a loyal campaign adviser, his White House Chief of Staff.

Greek-American Washington insider Priebus was chosen from a shortlist of names that also included Steve Bannon, the right-wing media boss who took over Trump’s presidential campaign in its final weeks.

Brazil after Dilma

Former Brazilian president Dilma Rousseff left the presidential palace in Brasilia last week and boarded a plane for her adopted home city of Porto Alegre. She leaves behind a successor who risks indictment for far worse offences than the ones that brought her down, and a country that has lost its right to a place among the BRICS.

Goldman Sachs first quarter profits tumble by more than 50 pct

Goldman Sachs reported a sharp decline in first-quarter earnings April 19, suffering weakness in most of its businesses including financial advising and trading.

Earnings for the quarter ending March 31 were $1.2 billion, down 56.3 percent from the year-ago period. Revenues sank 40.3 percent to $6.3 billion.

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