Marfin Popular Bank Public Co Ltd announced that on October 10, 2008, Andreas Vgenopoulos, Executive Vice Chairman, proceeded with the purchase of 1.158.064 shares of Marfin Popular Bank of total value EUR3.300.731,57 at an average price of EUR 2.85 per share.
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Nations from Europe to Australia rushed out plans on Sunday to shore up their banks, trying to halt a markets crash with pledges to back lending, buy stakes in financial institutions and take other emergency steps. European leaders meeting in Paris said their line of attack would help halt the chaos that has frozen credit
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By Steve Gorman (Reuters) The turmoil on Wall Street is aggravating tough economic times on Main Street as small businesses, accounting for half of U.S. private-sector goods and services, begin to feel squeezed by the credit crunch. Newly tightened lending requirements imposed by some banks are putting added strains on companies already coping with a
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The world readied on Monday for a slew of bank bailouts worth hundreds of billions of dollars in an effort to staunch the credit rout that threatens to tip the global economy into recession. Britain is expected later on Monday to detail plans to inject about 45 billion pounds ($68.4 billion) into four top banks
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Australian and South Korean shares bounced on Monday after policymakers around the world took increasingly bold steps to staunch the bleeding in financial markets, including guarantees on bank desposits and directly injecting capital into banks. The euro climbed while U.S. stock futures were up 4 percent, pointing to a sharply higher open on Wall Street,
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Japan's Mitsubishi UFJ Financial Group <8306.T> , which watched Morgan Stanley's <MS.N> share price plunge 58 percent last week, is amending its $9 billion deal to include only convertible preferred shares and no common stock, a person familiar with the matter said. Morgan Stanley is the latest stricken U.S. financial institution to seek refuge in
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Rich nations rushed to shore up the global financial system after the International Monetary Fund warned of meltdown, with Australia and New Zealand guaranteeing bank deposits and newspapers reporting plans for Britain's biggest retail bank rescue. The International Monetary Fund said it backed a Group of Seven plan to try to stabilize markets and urged
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Major British banks are likely to announce their plans to recapitalize early on Monday, a person familiar with the matter said, a move which could see the government take multi-billion pound stakes in several lenders. Banks are in talks with the government and regulators to determine how much capital each needs from 50 billion pounds
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Finance leaders from the International Monetary Fund's 185 member countries on Saturday endorsed a plan by major economies to chart a course out of the credit crisis, hoping the broader support will calm markets. Egyptian Finance Minister Youssef Boutros-Ghali, who chairs the IMF's policy-steering committee, said the fact that 185 countries, including emerging and developing
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The EU-harmonised inflation rate in Cyprus rose by 5.0% in September, slightly down from the 5.1% recorded in August and the peak of 5.3% in July. A decrease compared with the previous month was recorded for prices of transport, which dropped by 0.85% in response to falling oil prices. A decrease of 0.3% was also
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