Piraeus & Geniki Bank Announce Merger
On Friday night, Piraeus Bank announced its merger with Geniki Bank, which it already controls by 99.94%.
ECB to Cut Interest Rates
ECB head, Mario Draghi, is expected this coming Thursday to reduce the rate at which commercial banks borrow from by 0.10% (from0.25% to 0.15%) in order to encourage business lending.
- Written by E.Tsiliopoulos
Alpha Bank Authorizes New Workers Union Agreement
Today, Alpha Bank's workers' union confirmed the authorization of a new two-year agreement, and a ratification of a new single organization for all bank employees.