Subprime mortgage crisis

Citi researchers examined more than 100 years of geopolitical developments to assess where we stand now & what degree of risk global investors face

Armed by the surprise move from Standard & Poor's last Friday, upgrading Greece's outlook to "Positive," the Public Debt Management Agency is on Wednesday set to make its second major market foray for 2024, with a new 30-year bond.

In their assessments on the outcome of the March 31 local elections, Deutsche Bank and Goldman Sachs argued that the government is unlikely to change its economic policies.

Deutsche Bank in a report on April 1 that it is constructive on Turkish assets following the results of the March 31 elections.

Financial consultants UBS, Goldman Sachs and Bank of America are conducting critical consultations on the intentions of potential investors in relation to the price they are willing to pay for 27% of Piraeus Bank on behalf of bank bailout fund HFSF. 

The Turkish Central Bank's net reserves are likely to turn positive in 2024, according to analysts at Goldman Sachs.

In a note on the Central Bank's latest rate decision, Goldman Sachs said that it expects rising foreign inflows and a narrower current account deficit to pull the rate of Turkish Lira appreciation further inside the forwards in 2024.

The Bank of Greece, in cooperation with lenders, is establishing limits on mortgage amounts in relation to the commercial value of the property and the monthly installment to be paid by the new borrowers.

Investor confidence will be further strengthened and foreign fund inflows into Türkiye will accelerate, Finance Minister Mehmet Şimşek has said.

Türkiye's Central Bank has announced that it will organize "Investor Days" starting from January next year.

The first Investor Day will be held on Jan. 11, 2024, in New York, according to the bank's statement issued on Nov. 13.

Citigroup employees labeled a group of roughly 80,000 Armenian Americans living near Los Angeles - the largest Armenian community outside Yerevan, the Armenian capital - as "bad guys" and secretly denied them fair access to the bank's credit card products, the Consumer Financial Protection Bureau said in a statement on Wednesday.

Goldman Sachs expects Greek banks to show strong results in the third quarter of the year as well, following the trend of the second quarter, with further strengthening of net interest income, which will be supported by the 50-basis point increase in interest rates, to which it is estimated that the European Central Bank will have progressed in the specific period.