News for 'alpha-bank'

Alpha Bank falls; 16th to collapse this year

In another sign of deepening financial crisis, Stearns Bank will acquire the failed Georgia-based Alpha Bank and Trust, making it the 16th American bank to fall this year. On Friday, the US authorities seized the operations of Alpha Bank.

Bombs aimed at Olympics

Bailout or not, Greek banks face closures

A year ago, Greece's bankers thought they were on the cusp of a new era.

Greece may find it is easier to close banks than re-open them

Closing banks and restricting the flow of capital can build pressure for a solution as finances get squeezed.