Banking

After nearly two centuries: Taken over

UBS also took up to $5.4 billion (about 5.05 billion euros) in losses, based on a plan by Swiss authorities to avoid further turmoil in the banking market.
The agreement also includes 108 billion dollars of aid (about 101 billion euros) for the liquidity of UBS and Credit Suisse, which will be paid by the Swiss Central 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.

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.

Armored car guard held up in Sepolia

An armored car guard was robbed at gunpoint on Wednesday morning while he was loading cash in an ATM located at the entrance of a supermarket in the district of Sepolia, central Athens.

The three suspects confronted the guard, removed the cash boxes and fled with an undisclosed amount, police said. The incident took place shortly after 11 a.m.

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