Management changes at Marfin Popular Bank

Marfin Popular Bank announced that the Board of Directors has approved changes in the management structure of the Group as follows. Iraklis Kounadis, previously Vice Chairman of Investment Bank of Greece (IBG),

Citi salvages equity markets, oil up $2

Better-than-expected earnings at banking powerhouse Citigroup lifted European shares and set Wall Street up for a likely positive start on Friday, reversing a broad swathe of concern about the banking sector. The

Citigroup posts $2.5 bln second-quarter loss

Citigroup Inc, the largest U.S. bank, on Friday posted a smaller-than-expected $2.5 billion second-quarter loss, despite billions of dollars of write-downs and credit losses tied to deteriorating capital markets and the slumping

Aspis to appeal against CySEC fine

Commercial Value SA, a member of Aspis Group, announced that on July 17, 2008 it lodged an appeal to the Nicosia District Court against CySEC’s decision to impose a fine of EUR100,000