The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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Greek businessman Andreas Vgenopoulos dies at 63
– canadianbusiness.com
ATHENS, Greece – Andreas Vgenopoulos, a Greek lawyer turned business tycoon, died Saturday of a heart attack, his Marfin Investment Group announced. He was 63.
Vgenopoulos was vilified as the man who precipitated Cyprus’ banking crisis in 2012, which led to an EU bailout and a one-time levy on all uninsured bank deposits over 100,000 euros. He was also accused of corrupt lending practices, first in Cyprus and then, last month, in Greece, a charge he strongly denied.
At the height of his success, Vgenopoulos acquired a string of businesses including Marfin Popular Bank, a passenger shipping firm, Greece’s largest food company, a private clinic and Greece’s ailing state airline, Olympic.
Recent years, however, had seen a reversal of fortune. While he held on to most of his acquisitions, their value shrank considerably.
Vgenopoulos was forced to sell Olympic to competitor Aegean Airlines. His bank, renamed Cyprus Popular Bank, was taken over by the Cypriot government, divided into “good” and “bad” parts…
Vgenopoulos was vilified as the man who precipitated Cyprus’ banking crisis in 2012, which led to an EU bailout and a one-time levy on all uninsured bank deposits over 100,000 euros. He was also accused of corrupt lending practices, first in Cyprus and then, last month, in Greece, a charge he strongly denied.
At the height of his success, Vgenopoulos acquired a string of businesses including Marfin Popular Bank, a passenger shipping firm, Greece’s largest food company, a private clinic and Greece’s ailing state airline, Olympic.
Recent years, however, had seen a reversal of fortune. While he held on to most of his acquisitions, their value shrank considerably.
Vgenopoulos was forced to sell Olympic to competitor Aegean Airlines. His bank, renamed Cyprus Popular Bank, was taken over by the Cypriot government, divided into “good” and “bad” parts…
