Bank
How the possible scenario of capital controls would play out in Greece
By Leonidas Stergiou
The following scenario could become a reality if the deposit outflows from local banks continue at the same high rate as in recent days:
Bloomberg uncovers where one Greek pensioner hides her cash (watch vid)
Bloomberg goes to the source of a phenomenon that’s either the cause or the result of the ongoing “Greek crisis”, namely, people taking out whatever cash they have in local bank accounts and stashing it in their homes.
Greek bank deposit outflows topped 1 bln euros on Thursday: sources
Greek savers pulled more than 1 billion euros from banks in one day on Thursday, three senior banking sources told Reuters, with the pace of withdrawals gaining speed since talks between the government and its creditors collapsed last weekend.
Banks man battle stations to combat deposits outflow problem
Worry levels rise as bankers now face the possibility of massive outflows of deposits from their coffers after yesterday’s failed Eurogroup.
G4S says making plans with Greece to cope with a bank crisis
Security services group G4S has drawn up plans with Greece?s central bank to keep the country?s cash machines stocked in the event of a full-blown economic crisis, the company told Reuters on Monday.
ECB decides on Greek ELA and bank collateral
By Evgenia Tzortzi
The governing council of the European Central Bank is convening on Wednesday to discuss whether to extend the limit of the cash flow granted to Greek lenders via the emergency liquidity assistance (ELA) facility of the Bank of Greece.
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Eurozone banks' body in 'close contact' with Greek counterparts
The eurozone's body for dealing with failing banks said on Tuesday it was in close contact with Greek regulators as the country's banks face tough times.
"Greek banks are living in a challenging economic environment," Elke Koenig, chairman of the Single Resolution Board (RRB), told the European Parliament.
CEO of Turkey's largest Islamic bank quits as competition grows
Türkiye Finans, the largest Islamic bank in Turkey, told regulators that its chief executive Derya Gürerk had resigned from his position on June 12, an unexpected move at a time of growing competition in the sector.
KEDE union refuses to transfer cash reserves
Local authorities insisted on Friday that they would not give in to the Interior Minister Nikos Voutsis?s demands for municipalities and regional authorities to transfer their cash reserves to the Bank of Greece, where they could be used for short-term borrowing by the government.
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Fitch: Political uncertainty creates risks for Turkish banks
Prolonged political uncertainty in Turkey, which could aggravate tensions over economic policy, would create additional risks for the country's banks, although the deterioration in the operating environment will be moderate, said Fitch Ratings in a written statement on June 12.