Tag archive for ‘BANKS’
Joab Nevo On Tuesday, May 17th, 2016

Alpha Bank, Eurobank and KKR Reach Agreement to Support Greek Companies

Two leading Greek banks Alpha Bank and Eurobank  together with US private equity group KKR Credit today announced a binding agreement by which the Greek banks agree to assign the management of credit and More...

Subrat Kumar Sahu On Wednesday, July 8th, 2015

Citibank Developing Citi Coin Cryptocurrency for Cross-border Payments

Citibank Citibank is developing block chains among its banks and test-coins to run across them. The head of Citi Innovation Labs, Ken Moore confirmed that the bank has been viewing distributed ledger technology More...

Niva Goldberg On Thursday, July 2nd, 2015

Teddy Sagi’s Playtech continues FX acquisition spree, buying Israeli AvaTrade for $105 million

Playtech Cyprus Ltd. (LSE:PTEC), controlled by Teddy Sagi, announced that its subsidiary TradeFX will buy Israeli company Ava Trade for $105 million. Founded in 2006 by CEO Emanuel Kronitz and CMO Negev More...

Gil Tanenbaum On Monday, June 29th, 2015

Greece shuts banks in bid to prevent collapse

– – Banks in Greece will not open on Monday as officials scrambled to prevent the country’s financial system from collapsing in panic. Account holders will face tough limits on what they can More...

Noam Meir On Wednesday, June 3rd, 2015

Dick Fuld Selling Idaho Property

– – Former CEO of the failed financial firm Lehman Brothers Dick Fuld is trying to dump his Idaho hideaway home, the New York Post reports. As the 75 acre property is not formally listed anywhere More...

Gil Tanenbaum On Sunday, May 31st, 2015

Dick Fuld’s Comeback Attempt Was a Disaster

– – Dick Fuld seems to be attempting a possible comeback. The last head of the bankrupt financial firm Lehman Brothers made his first public appearance since that firm’s collapse. But if the reports More...

Prof. Kenneth Rogoff On Monday, April 6th, 2015

Professor of Economics at Harvard University Kenneth Rogoff: Will China’s Infrastructure Bank Work?

 With China set to lead a new $50 billion international financial institution, the Asian Infrastructure Investment Bank (AIIB), most of the debate has centered on the United States’ futile efforts to More...

Niva Goldberg On Wednesday, April 1st, 2015

Israel Joins Asia Infrastructure Investment Bank, Viewed with Disdain by the US

The new Asia Infrastructure Investment Bank (AIIB) is planning to invest $100 billion in infrastructure projects in Asia, half of which will be allocated by China. More than 40 countries have already announced More...

Reuters On Friday, December 26th, 2014

Ruble Rebounds Sharply From Lows as Exporters Sell Dollars

– Russia’s ruble rose on Friday to its strongest levels in more than three weeks, in a sharp rebound from its recent all-time lows, after the government ordered exporters to sell some of their More...

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