Economic history of Italy

The US administration stepped in on Sunday with a series of emergency measures to shore up confidence in the banking system after the failure of Silicon Valley Bank threatened to trigger a wider systemic crisis.

Banks are offering transaction packages in the form of monthly subscriptions that can lead to savings ranging from 7 to 44 euros a month.

Demand for loans by Greek small, medium-sized and large enterprises is expected to increase further, while demand by households is expected to remain unchanged in the first quarter of 2023, the Bank of Greece said on Tuesday.

The Hungarian banking group OTP has received clearance from the Slovenian market regulator to take over NKBM, Slovenia's second largest bank, and create what it says will be the largest bank in the country.

Istanbul police have caught the suspect wanted for 19 years on charges of embezzling $4.5 million and 500,000 pounds by getting his customers to sign blank receipts while working as a manager at a bank.

Turkish banks collectively posted a net income of 169.2 billion Turkish Liras in the first half of 2022, up by 400 percent from a year ago, data from the Banking Regulation and Supervision Agency (BDDK) have shown.

The combined net income of banks operating in Turkey increased by 374 percent in January-April from a year ago to stand at 98.2 billion Turkish Liras, data from the Banking Regulation and Supervision Agency (BDDK) showed.

Assets of lenders grew by 1.1 trillion liras - or 12.6 percent - compared with the end of 2021 to 10.4 trillion liras.

One of the main savings tools of Greek depositors since the country entered the eurozone is being abolished. We are talking about time deposits, which according to the banks, after the reduction of their yields to a little over 0%, no longer have a reason to exist.

The combined profit of Turkey's banks increased from 16.4 billion Turkish Liras in January-March 2021 to 63.2 billion liras in the first quarter of this year, the Banking Regulation and Supervision Agency (BDDK) has said.

That corresponded to a whooping 295 percent increase in the industry's profit on an annual basis.

Moody's maintains a positive outlook for the Greek banking system despite difficult economic conditions and inflationary pressures, which are likely to limit economic growth in 2022, but with a possible recovery in 2023.