Citibank

Turkey has blocked three foreign banks- BNP Paribas, Citibank, and UBS- from doing foreign exchange transactions with the Turkish lira, the nation's banking watchdog announced on May 7. 

These banks failed to complete their Turkish lira commitments and so defaulted, said Turkey's Banking Regulation and Supervision Agency (BRSA).

Greece's bank rescue fund HFSF said on Tuesday that Andreas Verykios has been appointed as chairman of its general council, succeeding Giorgos Michelis.

Verykios was formerly deputy director general for lending operations at the European Investment Bank until 2008 and head of human resources at the EIB from 2000 to 2005.

Citi Greece was once again voted "best investment bank in Greece" by Euromoney, the world-renowned business magazine, at the annual Awards for Excellence presentation last Thursday in London.

The arrested Turkish-Iranian businessman Reza Zarrab, who is being tried in the U.S. on charges of fraud, violating sanctions on Iran, committing bankruptcy fraud, and laundering money, has reportedly been diagnosed with depression. 

Yes, it is right that there was a huge turnout in the meetings Prime Minister Ahmet Davuto?lu held in New York with finance circles.

The US Citibank plans an extension of its activity in Bulgaria and support for Bulgarian business through co-financing of projects under the EU programmes.

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Alpha Bank, Greece's fourth-biggest lender by assets, said on Friday it agreed to acquire Citibank's retail banking operations in Greece at a price of 2 million euros ($2.72 million).

By Yiannis Papadoyiannis

The Alpha Bank warrants exercise has exceeded all expectations, as according to sources holders acquired an estimated 500 million of the lender’s shares from the Hellenic Financial Stability Fund (HFSF).

By Yiannis Papadoyiannis

The post-crisis picture shows that the domestic credit sector has undergone big changes, with almost 12,000 jobs gone and about 1,000 fewer bank branches, while 13 banks have disappeared from the banking map in what has been an unprecedented restructuring as a result of the need to adjust to the new reality that brought the country to the verge of bankruptcy.

Greece's fourth-largest lender Alpha Bank said on Friday it is looking into business proposals, including the possible acquisition of the operations of Citibank in Greece.