Watchdog raid strains testy relationship between banks and govt

EconomyBanking Tags: Banking, MoF, NPLs
Photo via Flickr
Photo via Flickr

Another chapter in the unexpectedly turbulent relationship between the new Greek administration and the country’s banks was written on Thursday when the Competition Commission raided the headquarters of the four systemic banks, Attica bank and the Hellenic Banking Association.

The Greek competition watchdog was reportedly looking for evidence of coordinated practices by Greek bankers in setting customer charges for various services in the domestic market. The raid lasted up to the late hours for some banks. Inspectors reporte...

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