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National Bank of Greece SA

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  • ATHENS, July 3- The Financial Times reported on Friday that Greek banks were preparing contingency plans for a possible "haircut" on deposits amid fears of financial collapse, a report the country's banking association said was "completely baseless". The head of Greece's Bank Association dismissed the report as "completely baseless". Louka Katseli, who also...

  • Alexis Tsipras told throngs of demonstrators at the main "no" rally in Athens' central Syntagma Square Friday that the referendum is not a choice about whether or not to stay in Europe, but a decision about living "in Europe with dignity." Tsipras said Greece won't abandon Europe "in the hands of those who want to drag her away from her democratic traditions.

  • ISTANBUL, July 2- Qatar National Bank and Bahrain's Arab Bank Corp did not follow up early interest in acquiring HSBC's Turkish business because they are more interested in National Bank of Greece's Turkish arm Finansbank, two people familiar with the matter said. Dutch lender ING Group is set to win the auction to buy HSBC's business, after being one of several...

  • Pension pinch: Elderly Greeks stand on line to get cash Wednesday, 1 Jul 2015 | 12:36 PM ET

    ATHENS, Greece— Don't mention the golden years to Michaelis Kotaras. Not after the 78- year-old got up early Wednesday to stand in line, twice, outside the National Bank of Greece for the privilege of going inside to withdraw 120 euros less than a quarter of his monthly pension. He emerged with the cash, but without any certainty about when he will be able to access the...

  • ATHENS, Greece— Gamal Takaway has turned up the hustle, to no avail. The popular waiter who goes by the nickname Jimmy often steps out into the pedestrian street in front of the Taverna Plaka restaurant to cajole strollers into taking a table. With cash withdrawals cut to 60 euros per day, many Greeks aren't spending in restaurants for fear that they will run out of...

  • ATHENS, Greece— Greece slipped deeper into its financial abyss after the bailout program it has relied on for five years expired at midnight Tuesday and the country failed to repay a loan due to the International Monetary Fund. With its failure to repay the roughly 1.6 billion euros to the IMF, Greece became the first developed country to fall into arrears on...

  • MBIA and AMAG are big market movers Monday, 29 Jun 2015 | 4:27 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:. MBIA Inc., down $1.95 to $6.37. National Bank of Greece, down 31 cents to 97 cents.

  • *Serbia, Macedonia limit bank transactions with Athens. Millions of people in Bulgaria, Macedonia, Albania, Serbia and Romania have deposits in banks owned by Greek lenders, putting this corner of south-eastern Europe in the frontline if the Greek crisis spreads. Central banks in Macedonia and Serbia introduced extra restrictions on the movement of capital...

  • SOFIA/ SKOPJE, June 29- Petar Bakhchevanov withdrew some cash from an ATM in Bulgaria's capital on Monday as a test to make sure the deepening debt crisis in neighbouring Greece had not spread to the Greek-owned bank where he keeps his savings. Millions of people in ex-Communist Bulgaria, Macedonia, Albania, Serbia and Romania have deposits in banks owned by Greek...

  • ATHENS, June 29- Greeks struggled to adjust to shuttered banks, closed cash machines and a climate of rumours and conspiracy theories on Monday as a breakdown in talks between Athens and its creditors plunged the country deep into crisis. Their imposition capped a dramatic weekend for Greece that has pushed the country towards a likely default on 1.6 billion...

  • LONDON, June 29- Investors sold Greek bonds and U.S.-listed equity assets on Monday after Greece closed its banks and imposed capital controls over the weekend. The Athens stock market was closed through to July 6 as part of broader capital controls in Greece, but trading in bond markets and in U.S. markets reflected investors' alarm. National Bank of Greece's...

  • *Athens stock market shut through July 6. ATHENS, June 29- Greeks woke up to shuttered banks, closed cash machines and a climate of rumours and conspiracy theories on Monday as a breakdown in talks between Athens and its creditors plunged the country deep into crisis. Greece has less than 48 hours to pay back 1.6 billion euros of International Monetary Fund loans,...

  • Greece reels in shock as banks shut Monday, 29 Jun 2015 | 3:06 AM ET

    ATHENS, June 29- Greeks woke up to shuttered banks, closed cash machines and a climate of rumors and conspiracy theories on Monday as a breakdown in talks between Athens and its creditors pushed the austerity-battered country to the brink. After receiving no extra emergency funding for Greek lenders from the European Central Bank, Prime Minister Alexis...

  • Tsipras defiant as banks shut, markets rocked Monday, 29 Jun 2015 | 1:21 AM ET

    ATHENS, Greece— Anxious pensioners swarmed closed bank branches Monday and long lines snaked outside ATMs as Greeks endured the first day of serious controls on their daily economic lives ahead of a July 5 referendum that could determine whether the country has to ditch the euro currency and return to the drachma. As strict capital controls took root...

  • European shares extend losses on Greek concerns Thursday, 25 Jun 2015 | 4:14 AM ET

    *Hennes& Mauritz slips after warning on dollar. LONDON, June 25- European shares extended losses on Thursday as concerns that Greece could be edging closer to a debt default prompted investors to cut their exposure to risk. The country's banking index dropped 4.3 percent, with National Bank of Greece, Alpha Bank and Bank of Piraeus falling 3.5 to 5.3 percent.

  • Green Dot and Sonic are big market movers Tuesday, 23 Jun 2015 | 4:51 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:. Green Dot Corp., up $6.21 to $21.52. The bank holding company signed a five-year extension to serve as Wal-Mart Stores Inc.' s prepaid debit card products program.

  • Cigna and Martha Stewart are big market movers Monday, 22 Jun 2015 | 4:22 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:. Cigna Corp., up $7.34 to $162.60. Williams Cos., up $12.52 to $60.86.

  • FACTBOX-Balkan banks' exposure to Greek crisis Monday, 22 Jun 2015 | 11:52 AM ET

    June 22- Millions of people in Albania, Bulgaria, Macedonia, Romania and Serbia have deposits in Greek-owned local banks which could be vulnerable if there is a full-blown banking crisis in Greece. These include Bulgaria's fourth largest lender United Bulgarian Bank, owned by National Bank of Greece, and Postbank, Bulgaria's fifth largest lender, controlled by...

  • European shares slip to 4-month low on Greek jitters Tuesday, 16 Jun 2015 | 6:47 AM ET

    LONDON, June 16- European equities slipped to a four-month low on Tuesday, with the lack of progress in debt negotiations between Greece and its international creditors making investors nervous and prompting them to cut their exposure to riskier assets like stocks. Greece's benchmark ATG share index fell 3.9 percent, taking total losses since Friday to about...

  • *Germany's Metro falls after Galeria Kaufhof sale deal. LONDON, June 15- European shares fell and volatility rose on Monday, led lower by a slide in Greek shares after the latest talks between Greece and its creditors to resolve its debt crisis collapsed. Germany's EU commissioner said on Monday it was time to prepare for a "state of emergency" after talks collapsed...