Bank

Local credit system is steady

Against the backdrop of this month's global financial system turmoil, Greek banks announced results that show that the chapter of losses from the management of bad loans has been closed for good and they are now focusing on the qualitative improvement of their profitability.

US Banks want Guaranteed Deposits and more than 250,000 Dollars to avoid a Contagion of Bankruptcies

A group of mid-sized US banks has called on US federal regulators to guarantee all their customers' deposits for 2 years, even if they are above the guaranteed deposit limit of up to 250,000 dollars. The aim is to avoid the "phenomenon of contagion" after the bankruptcy of Silicon Valley Bank (SVB), reports "Bloomberg", quoted by AFP and BTA.

Wall Street giants move to rescue First Republic Bank

America's largest banks moved on March 16 to shore up First Republic, easing fears that the regional lender could be the next domino to fall after collapses including Silicon Valley Bank.

A consortium of 11 US private banks, including Bank of America, Citigroup and JPMorgan Chase, announced they would deposit $30 billion into First Republic.

Vucic: Serbia's banking system stable, FX reserves at record high

BELGRADE - Serbian President Aleksandar Vucic said on Thursday evening that Serbia's banking system was stable and that the country's FX reserves were at a record high.

In a public address, Vucic said there was no place "for any kind of fear over the collapse of some international banks."

Greek credit system ‘able to absorb foreign jitters’

The Greek banking system is clearly in a much better position now to absorb any turbulence from international markets than it was four years ago, Finance Minister Christos Staikouras said on Thursday, commenting on global banking system tensions caused by the collapse of Silicon Valley Bank and the crisis at Credit Suisse.

Janet Yellen: The Banking System is Stable after the "Decisive" Actions taken

"The US banking system remains stable and Americans can feel confident that their deposits will be available when they are needed, thanks to the 'decisive and strong' action taken after Silicon Valley Bank's (SVB) failure to deal with the outflow of deposits at its end last week," Treasury Secretary Janet Yellen told the Senate Finance Committee, Reuters reported.

Pages