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Eurobank and Alpha Bank are set to announce their merger and a joint capital raise of...

Eurobank and Alpha Bank are set to announce their merger and a joint capital raise of €1.75B tomorrow. The combination would create Greece's largest lender, with assets of €150B, but a market cap of just €2B. EU and Greek officials have pressed for such alliances, believing pairing struggling entities can create one strong institution.
Comments (4)
  • The Geoffster
    , contributor
    Comments (4011) | Send Message
     
    Sure, that'll work.
    28 Aug 2011, 04:58 PM Reply Like
  • buyitcheap
    , contributor
    Comments (1848) | Send Message
     
    Kind of a dubious honor, that's like being the least stinky turd in the bowl.
    28 Aug 2011, 08:06 PM Reply Like
  • Dave Faulkmore
    , contributor
    Comments (84) | Send Message
     
    bank merger is a bankruptcy. Fewer and fewer banks until total nationalization of the finance industry by the Greek gov't. Obama gov't congrats! Preview of what is in store for EU and then the US.
    29 Aug 2011, 02:39 AM Reply Like
  • Derek A. Barrett
    , contributor
    Comments (3534) | Send Message
     
    NBG is still diversified into Turkey so it's still the leader of the pack
    30 Aug 2011, 12:42 AM Reply Like
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