Clan Barclay

The Greek state is proceeding with the issue of a new 10-year bond and has hired six banks to lead the the deal, according to an Athens Stock Exchange announcement on Monday.

All eyes are on a symposium this week in Jackson Hole, Wyoming where Fed boss Jerome Powell will deliver a speech that will be followed for an idea about the bank's next moves.    

The board of Greek lender Eurobank will meet on Thursday to approve a deal to sell a majority stake in the bank's loan servicing unit FPS to Italy's biggest loan recovery firm doValue, banking sources told Reuters.

The Italian firm has secured an 80 percent stake in Financial Planning Services (FPS), the sources said.

Banker Bob Diamond, formerly chief executive at Barclays and founding partner and CEO of Atlas Merchant Capital Fund LP, only has 12 working days to collect funds of 30 million euros to ensure the operation of Praxia Bank, the digital lender in which Atlas is the exclusive stakeholder.

The European Union's (EU) antitrust watchdoghas imposed a fine on five major banks for collusion on the huge foreign exchange market - including Barclays and Citigroup.

Among the issues established Greek banks need to worry about these days may also be competition from new online lender Praxia Bank, in which ex-Barclays chief executive Bob Diamond has pledged to invest more than 100 million euros, according to Praxia CEO Anastasia Sakellariou.

Barclays has agreed to pay $2 billion for allegedly causing billions of dollars of losses to investors by engaging in a fraudulent scheme to sell residential mortgage-backed securities between 2005 and 2007, the U.S. Justice Department said on March 29.

Britain’s Serious Fraud Office charged a unit of Barclays yesterday over alleged fraud linked to emergency fundraising from Qatar during the financial crisis a decade ago, the bank said.

The Pelicans won despite blowing a 28-point lead in the third quarter to the Nets on Feb. 10 in front of a crowd of 16,500 at the Barclays Center arena.

The Greek economy will likely pay a heavy price for the delay in the bailout review, as international banks and economic entities have been downwardly revising their estimates for the country's gross domestic product this year.

Against the budget forecast for 2.7 percent growth, Citigroup and Barclays on Thursday estimated the annual expansion rate at below 0.5 percent of GDP.