National Bank of Greece ADR Resumed Trading on the OTC Market

On Nov 27, the NYSE announced the delisting of National Bank of Greece(NBG) ADR. Since then NBG investors could not trade the stock. As the ADR was delisted investors hoping to get out could not even sell the stock. However as of last Friday (Dec 4th), NBG started trading on the OTC market under the ticker NBGGY. Today …

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NYSE Delisting National Bank of Greece ADR

The New York Stock Exchange(NYSE) is delisting National Bank of Greece(NBG) after its price fell to $0.16 today. On Thursday it had closed at $0.19. So finally its time to say goodbye to NBG. On Nov 21, I had written a post suggesting investors avoid the stock after a decision to implement a reverse 1:15 split. …

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Avoid National Bank of Greece After 3rd Reverse Split In 5 Years

***** UPDATE (Dec 10, 2015): National Bank of Greece ADR Resumed Trading on the OTC Market, TFS UPDATE (Nov 27, 2015): NYSE Delisting National Bank of Greece ADR, TFS National Bank of Greece(NBG) has decided to do another reverse stock split in the ratio of 1:15 this week. Based on Thursday’s price of the ordinary share at 0.02 Euros the …

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How Much Exposure Do European Banks Have To Greece ?

European equities have fallen heavily in the past few weeks from their 2015 peaks due to the Greek debt crisis. For example, the DAX has declined from 12,390 in April to 10,667 today. As of July 7 close, the returns of the major indices are listed below: S&P 500 Index: 0.5% UK’s FTSE 100: -0.50% …

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Six Facts About Greece

The greek debt drama continues to drag on with no end seem to be sight. Now that the Greeks have voted “no” to creditors’ demands in the referendum yesterday, the country faces a difficult future ahead. Today the OECD released a report titled “Government at a Glance 2015” comparing the performance of public sector across countries.The following are …

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The 8 Largest and Most Powerful Greek Companies

Every year the Forbes magazine publishes its annual list of Forbes Global 2000 list. These companies represent the largest and most profitable firms from around the world. From the 2015 report: The FORBES Global 2000 is a comprehensive list of the world’s largest, most powerful public companies, as measured by revenues, profits, assets and market value. …

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