Search Results for 'Greek'

Banks and industrials lead rally for stocks after Greek cost...

Investors shook off their worries about Greece on Monday and got back to their routine of little-by-little gains. The Dow Jones industrial average climbed 73 points — nothing flashy, but enough to regain most of what it lost with an [...]

Posted On : Feb, 14 2012 | Comments : 0

Oil prices drop as Greek talks stall

Oil prices were in decline today as frustration with the inability of Greek policymakers to agree on a deal to impose further budget cuts reduced demand for riskier assets. Greece needs to pass more austerity measures to secure the much n [...]

Posted On : Feb, 07 2012 | Comments : 0

Banks Conduct Greek 'Fire Drills'

Banks across Europe are starting to take seriously what until now seemed only remotely possible: the withdrawal of Greece from the euro currency. As the fate of Greece's future in the euro zone hangs in the balance, European banks and [...]

Posted On : Nov, 04 2011 | Comments : 0

Banks prepare for Greek default, want EU help

So gloomy were bankers from major financial institutions, attending a conference on the sidelines of the International Monetary Fund/World Bank sessions, that they compared the risks of financial market contagion to the collapse of Lehman [...]

Posted On : Sep, 26 2011 | Comments : 0

Banks already dealing with the Greek inevitability

Hands up anyone who thinks a Greek debt default is inevitable. OK, absolutely everyone can all put their hands down. That’s what Europe’s banks think too – and have for quite a while now. While the threat of European sov [...]

Posted On : Sep, 13 2011 | Comments : 0

S.&P. Warns Bank Plan Would Cause Greek Default

Greece risks being judged in default on its debt obligations if banks are forced to bear part of the pain, Standard & Poor’s said Monday, suggesting that current proposals for rescuing the euro zone’s weakest member may have t [...]

Posted On : Jul, 04 2011 | Comments : 0

Four Biggest Greek Banks Downgraded

Greece's financial instability is spreading to its private-sector banks, the latest indication that the country's credit woes are worsening. Fitch Ratings, citing concerns about Greek banks' funding costs and profitability, d [...]