Subprime mortgage crisis

Goldman Sachs Investment Bank's closed client meeting records have leaked online, Forbes magazine reports. It discussed the impact of the coronavirus on the global economy.

The Federal Reserve took massive emergency action on March 15 to try to help the economy withstand the coronavirus by slashing its benchmark interest rate to near zero and saying it would buy $700 billion in Treasury and mortgage bonds.

Turkey's Treasury and Finance Ministry on March 12 issued Euro-dominated government debt securities and lease certificates to borrow €1.26 billion ($1.41 billion) from domestic markets.

Both government debt securities (€1.005 billion) and lease certificates (€255 million) have 0.75 percent coupon rate semiannually.

Piraeus Bank is launching the process for its first bad-loan portfolio securitization, opening the virtual data rooms to candidate investors in the Phoenix package within March.

Defaulted loans are a prime economic issue for Cyprus, which since a 2013 financial crisis has seen overdue payments weigh on consumers and banks. Yet a government scheme to ease the problem has not been embraced by borrowers as hoped.

Greek bonds have evolved into the perfect refuge for investors amid concerns in the global economy, and into a focus of attention regarding their improvement prospects, leading to the pursuit of Greek returns. Many investors who missed out on last year's rally have noticed the positive outlook and are rushing to jump on the bandwagon ahead of further credit rating upgrades and inclusion in the

This week - most probably on Wednesday - Piraeus Bank will open the book for the issue of its Tier II bond amounting to 500 million euros.

Mortgage and corporate loans secured against properties and totaling an estimated 70 billion euros will have been transferred to various funds by the end of the year, radically changing the basis of the debate regarding the protection of the main residences of individual borrowers as well as tens of thousands of professionals or entrepreneurs.

Greece's Alpha Bank was set to price a 500 million euro Tier 2 bond issue at a yield of 4.25 percent, according to a lead manager.

The Greek lender received around 5.5 billion euros of investor demand for the subordinated bond issue, the lead manager said.

Pricing is expected later on Thursday via lead managers Citi, Goldman Sachs, HSBC, JP Morgan and NatWest Markets. 

The government is waiting for the price of Hellenic Petroleum shares to rise before approving the launch of the process to sell part of the 35 percent stake it controls in the oil company through the stock market.