Greece, agreed to sell two banks as part of an effort to appease its international lenders and consolidate its beleaguered banking sector, says the Hellenic Financial Stability Fund has chosen Eurobank (the fourth largest lender) to buy New Hellenic Postbank. The irony: The rescue vehicle owns 100% of Postbank and 93.6% of Eurobank meaning that, in Reuters’ words, the Stability Fund “was effectively selling Postbank to itself.”
You might be interested in …
EURUSD in 14-years Low
EURUSD in 14-years Low EURUSD pair is trading at its lowest in 14 years, hitting the low at 1.0366 following the US Federal Reserve latest monetary decision. Investors view that the US economy will pick up […]
USD/JPY Technical Analysis
Technical lines from top to bottom We begin with resistance at the round number of 104. This was a key line in May 2008. 102.50 was an important resistance line in late May. 101.44 was […]
MAS and SGX: Beware of risks related to trading incited by online discussions
MAS and Singapore Exchange Regulation advise the investing public to be on heightened alert to the risks related to trading in securities incited by online discussion forums and social media chat groups.
Latest Posts
