Sunday, 27 November 2011

Greek Banks to Post Losses, Writedowns This Week as Stock Wipeout Looms

Greek banks, which are predicted to start reporting third-quarter losses today, may also disclose bond writedowns as they tussle with the government over terms of a debt swap related to the nation’s bailout package. The banks, which may disclose whether depositor flight is worsening, will also be ...


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