Silver Point

Thomas J. Monaco

Silver Point is a boutique research firm that focuses on the broader financial services sector, with a particular focus on troubled institutions globally. 

Asia Ex Japan

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<p>* Greek bank problems may be worse than current disclosures suggest;</p><p>* Brinksmanship of IMF and ECB likely will cause unnecessary global market volatility; and </p><p>* Capital raises likely and maybe a technical bank failure await.  </p><h2>Summary</h2><p>Despite solid progress over the past several years, the Greek banking sector remains a disaster with stated non-performing exposures (NPE) of 50%; reserve coverage of 50%; and system-wide deposits dropping to levels not seen in close to 20 years. Anecdotally, we…</p>

* Greek bank problems may be worse than current disclosures suggest;* Brinksmanship of IMF and ECB likely will cause unnecessary global market volatility; and * Capital raises likely and maybe a technical bank failure await.  SummaryDespite solid progress over the past several years, the Greek banking sector remains a disaster with stated non-performing exposures (NPE) of 50%; reserve coverage of 50%; and system-wide deposits dropping to levels not seen in close to 20 years. Anecdotally, we…

Greece

Piraeus Bank S.A. offers a full range of financial products and services in the areas of retail, business, SMEs, wholesale, investment banking, agri-banking, treasury and financial markets, asset management, leasing and bancassurance. The bank operates in Greece.

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Piraeus Bank SA (TPEIR GA)

City Dionysius – More Greek Tragedy

* Greek bank problems may be worse than current disclosures suggest;* Brinksmanship of IMF and ECB likely will cause unnecessary global market...

Thomas J. Monaco

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