Greece’s Alpha Bank - Reuters News Agency
Business & Finance

Greece’s Alpha Bank

On May 21, Reuters was three minutes ahead with news that Greece’s Alpha Bank, one of the country’s top four banks, has hired JPMorgan and Goldman Sachs as advisers on a plan to boost capital by up to 800 million euros. On May 24, Reuters was also ahead with the Bank’s update on a planned equity offering to raise the funds.

Market Impact

Alpha Bank shares fell 28% on May 21 but jumped 11% in early trade on May 24 following the bank’s update.

Article Tags
Topics of Interest: Business & Finance
Type: Reuters News First
Sectors: Business & FinanceEquities
Regions: AmericasEurope
Countries: Greece
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story
A man withdraws money at an Alpha Bank branch ATM in central Athens, Greece, July 19, 2015. The Greek government ordered banks to open on Monday, three weeks after they were shut down to prevent the system collapsing under a flood of withdrawals, as Prime Minister Alexis Tsipras looked to the start of new bailout talks next week. REUTERS/Yiannis Kourtoglou
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