Greece's Piraeus Bank in Talks to Buy SocGen Greek Unit-Reports
Greece's Piraeus Bank SA (TPEIR.AT), the country's fourth-largest lender by assets, is in talks with France's Societe Generale SA (GLE.FR) to acquire the French lender's Greek unit, local media reports said Wednesday, marking the second move by a French bank to offload its Greek assets.
Portugal May Get Leeway On 2012 Budget: Report
Portugal may get a break on its 2012 deficit target from the troika of the European Union, European Central Bank and International Monetary Fund, Portuguese daily Economico reported in its online edition Wednesday.
Europe Stocks Mostly Flat; L'Oreal, Rio Tinto Off
European stocks were trading flat to slightly lower on Wednesday, with investors looking ahead to the Jackson Hole, Wyo., economic forum featuring a speech from Federal Reserve Chairman Ben Bernanke on Friday.