Greek Banks See $6.5 Billion Hit From New Accounting Rules

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Greek Banks See $6.5 Billion Hit From New Accounting Rules

Greece's four largest banks have reported an aggregate burden of 5.25 billion euros ($6.5 billion) to comply with new accounting rules as European stress tests loom. The introduction of International Finance Reporting Standard 9 is forcing Alpha Bank AE, Eurobank Ergasias SA, National Bank of
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China Investors' Worst Fears Coming Home In BCOM Block: Balloon

Tony Balloon, the head of the China corporate consulting practice at Alston & Bird, and Bloomberg's DOJ reporter David McLaughlin, discuss Trump rejecting the Qualcomm/Broadcom merger, and potential implications for cross-border deals in the U.S. going forward. Willie Walker, CEO of Walker
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Toys 'R' Us Misses Vendor Payments

The struggles of Toys “R” Us have taken a toll on the two largest U.S. toymakers, Hasbro and Mattel. Shares of those companies fell on Friday after Bloomberg reported about the possible liquidation, then dipped again on Tuesday. Hasbro fell less than 1 percent to $89.32 as of 3:32 p.m. in New York,
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Crypto Exchange Binance Launches Decentralized Trading Network

The largest cryptocurrency exchange by trading volume is developing a public blockchain for the transfer and trading of digital assets, the company said in a statement posted on its website. The network, called Binance Chain, will provide coin traders a decentralized exchange that handles transactions
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EPA Chief Signals Showdown With California on Fuel Emission Standards

During a wide-ranging interview with Bloomberg News on Tuesday, Pruitt dismissed the possibility of setting standards beyond 2025, casting doubt on an offer by California officials who have said they would consider easing current standards in exchange for extending them beyond that year. The state
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