Canada has several major banks and many schedule II banks – but with rates and plans all over the map, it’s difficult to know where to bring your business. Our aim is to help you navigate Canada’s banking options to discover which one suits your needs best.
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Shares in Greek banks move sharply after stress tests identify capital needs
– canadianbusiness.com
LONDON – Greek banks have seen their share prices swing sharply, a day after the country’s central bank said they need to raise billions of euros to plug holes in their finances.
Late Thursday, the Bank of Greece said the sector needs to raise 6.4 billion euros ($2.3 billion).
Piraeus Bank, Greece’s biggest bank by market value, saw its share price fall 5 per cent Friday after it said it is planning to raise 1.75 billion euros in new shares.
Eurobank saw its share price fall the same rate after it said it was looking to raise 2.95 billion euros. However, National Bank of Greece saw its share price rise 1.5 per cent as it said it won’t raise money to meet the 2.2 billion-euro hole estimated by the Bank of Greece.
The post Shares in Greek banks move sharply after stress tests identify capital needs appeared first on Canadian Business.
Late Thursday, the Bank of Greece said the sector needs to raise 6.4 billion euros ($2.3 billion).
Piraeus Bank, Greece’s biggest bank by market value, saw its share price fall 5 per cent Friday after it said it is planning to raise 1.75 billion euros in new shares.
Eurobank saw its share price fall the same rate after it said it was looking to raise 2.95 billion euros. However, National Bank of Greece saw its share price rise 1.5 per cent as it said it won’t raise money to meet the 2.2 billion-euro hole estimated by the Bank of Greece.
The post Shares in Greek banks move sharply after stress tests identify capital needs appeared first on Canadian Business.
Garry Kasparov: Cut Off the Russian Oligarchs and They'll Dump Putin
– online.wsj.com
Target their assets abroad, their mansions and IPOs in London, their yachts. Use banks, not tanks.
