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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated -- Ignore unavailable to you. Want to Upgrade?

To: Secret_Agent_Man who wrote (37454)	8/29/2011 8:54:59 AM
From: Pogeu Mahone	Read Replies (1) \| Respond to of 119361

Greece is sabed Greek Banks to Merge, Form Nation's Biggest Lender By THE ASSOCIATED PRESS Published: August 29, 2011 at 7:33 AM ET Sign In to E-Mail Print ATHENS, Greece (AP) — Greece's second and third largest lenders, Eurobank and Alpha Bank, have announced plans to merge in order to better withstand the country's acute financial crisis. The widely anticipated merger, announced Monday, would create Greece's biggest bank, and was immediately welcomed by the country's Socialist government. The move saw shares surge on the Athens Stock Exchange, with the banking sector up nearly 20 percent, while shares in National Bank of Greece, the country's largest lender, were up 29 percent.