Eurobank looks east, weighing the growth prospects of the Global South, while also utilizing the…
Tag: banking
JPMorgan Chase has partnered with Coinbase to allow customers to fund crypto wallets with Chase credit cards starting fall 2025, with direct bank account linkages for seamless cryptocurrency purchases. From 2026, customers can redeem Ultimate Rewards points for USDC at a 1:1 ratio, signaling a strategic pivot to the $4 trillion crypto market despite past skepticism from CEO Jamie Dimon.
Greece’s government, led by Minister Kyriakos Pierrakakis, will eliminate most ATM fees and cap other banking charges at €1.50, addressing public outcry over third-party provider fees at Piraeus Bank ATMs.
The U.S. Office of the Comptroller of the Currency (OCC) has now allowed national banks to engage in cryptocurrency activities without needing prior approval, marking a significant shift in regulatory approach towards crypto in the banking sector.
JP Morgan CEO Jamie Dimon unleashed a profanity-laced tirade against remote work, internal bureaucracy, and Gen Z employees in a leaked audio recording. Dimon’s rant highlighted his frustration with “work-from-home Fridays,” which he claimed made it impossible to reach employees, and his concern about the negative impact of remote work on training and company culture. He also criticized managers for failing to effectively supervise remote employees and vowed to streamline internal processes.
The Greek government has implemented a series of significant reforms and investment initiatives aimed at enhancing the country’s economic momentum and improving citizens’ lives. Key developments include the reduction of banking fees, healthcare improvements, the launch of new educational facilities, and strategic foreign investments. Additionally, new legislation to combat violence against women and targeted employment programs have been introduced to promote social well-being and economic sustainability.
Vardis J. Vardinoyannis, a highly regarded figure in Greek business, whose influence shaped the nation’s energy, shipping, and philanthropic sectors, has died at the age of 91.
Greece’s fourth-largest lender has reported a significant increase in net earnings for the January-September period, fueled by lower provisions and strong interest and fee income. The bank, in which UniCredit holds a 9% stake, posted normalized net earnings of €665.8 million, up from €571.7 million last year. With net interest income rising 2% to €1.243 billion, the bank continues to stabilize following past financial crises, and plans to reduce its non-performing loan ratio to below 4% by 2025.
JPMorgan Chase CEO Jamie Dimon will not be joining the Trump administration, ending speculation about him taking a senior government role. Dimon, who has led JPMorgan for nearly 19 years, reaffirmed his commitment to the bank despite previous rumors of him becoming Treasury Secretary. Billionaire hedge fund manager John Paulson is another potential candidate for the position.
Greek National Economy and Finance Minister Kostis Hatzidakis will attend the annual IMF and World Bank meetings in Washington this week. He will participate in key discussions on climate action, the global economy, and Ukraine. Hatzidakis will also hold talks with IMF Managing Director Kristalina Georgieva and meet with top investment and banking leaders.
Bank of Cyprus celebrated its return to the Athens Stock Exchange after a seven-year absence, marking a significant milestone for the bank and underscoring the growing strength of the Greek market.
London Court Ruling Paves Way for Potential Sale of Greek Payments Platform Viva Wallet.
The Forbes list of billionaires provides a fascinating glimpse into the world of extreme wealth.…
Euronet Worldwide, Inc. (“Euronet”), a leader in the provision of payment services on a global…
Fitch Ratings on Tuesday upgraded Greece’s four systemic banks ratings, following a recent round of…
Eurobank and Piraeus Bank reported strong profitability on Monday in the first half of 2023.…
Eurobank’s deputy chief executive, managing director, and head of international operations, Stavros Ioannou, expressed in…
Greek Finance Minister Christos Staikouras said on Thursday that the Greek banking system is clearly…
Four major Greek banks received a ratings boost on Monday following a review by international…
Greece’s economic prospects were noted as more positive by the International Monetary Fund (IMF) than…
The Hellenic Bank Association has provided the answers to frequently asked questions and the publication…
More than 800 million euros in household cash is said to have been deposited by…
