Greek banks face stress tests at the worst time

Plenty of dangers lie in wait for Greek banks. Already short of cash, they may need lots more when stress tests of their solvency are carried out in a month or two.

With cash fast running out, Greek bank failures loom

The banks have been leaking cash at a rate of more than €100m a day even with capital controls that were imposed to restrict withdrawals, one banker said.

European markets are bracing for a wave of contagion from Greece

LONDON (Reuters) - European markets are braced for a wave of contagion from Greece on Monday, with heavy losses for southern European government bonds and regional stock markets expected as investors scramble to discount a possible "Grexit" that most had still assumed was unlikely as late as Friday afternoon.

Greek PM Tsipras sees EU deal by next week

Prime Minister Alexis Tsipras has said Greece is in the final, critical stretch of talks with its international creditors and that he believes an interim deal will be in place by 9 May.

European Central Bank Squeezes Greek Banks, Tightening Access to Loans

As Greece scrambles to secure a financing deal with Europe before running out of cash, the European Central Bank is tightening the vise on the country’s ailing banks by curtailing access to desperately needed emergency loans.

Greece proposes bad debt write-off for small businesses

(Reuters) - Greece's government on Monday proposed forgiving up to half of about 40 billion euros in bad loans incurred by small businesses, to take some strain off a sector hammered by a six-year recession.

EU says mismanaged Greek banks face "revamp"

BRUSSELS (Reuters) - Banks recapitalized as part of Greece's bailout may be forced to overhaul their management and governance, the European Commission said, in response to questions raised by Reuters about alleged malpractice at Greece's fourth-largest bank.

Stocks Rise, Buoyed by Hopes for Stimulus

NEW YORK (TheStreet) -- U.S. stocks rose Friday as investors cheered the possibility that central banks would stand ready to coordinate a global liquidity boost if needed after the Greek elections.