Greek bond scandal over

clock

GREECE - JPMorgan and North Asset Management have reached an agreement with all parties affected by a structured bond debacle involving four Greek government pension funds.

Yesterday’s settlement was expected to cost the US and UK outfits up to €20m. Sources close to the transaction commented that this would be seen as a forgoing of profit rather than causing a di...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Greece

S&P cuts Greek credit rating

GREECE - Standard & Poor's has slashed Greece's long term credit rating from B to CCC, amid fears private sector debt proposals will amount to a default.

clock 04 July 2011 •

Greece says 'yes' to austerity package

GREECE - The Greek parliament has narrowly voted to approve a drastic austerity package despite facing widespread opposition.

clock 29 June 2011 •

Greece to sell bills as two-year yield tops 20%

GREECE - Greece plans to sell €1.25bn ($1.78bn) of 13-week Treasury bills today as growing speculation the country will need to restructure its debt pushed bond yields to euro-era records.

Maria Petrakis and Natalie Weeks at Bloomberg News
clock 19 April 2011 •
Trustpilot