The turmoil in Greece is having an impact on financial markets throughout the eurozone, but this impact may be felt greater in its five neighbours where Greek banks have a particularly large presence: Albania, Bulgaria, Macedonia, Romania and Serbia.
For years, Austrian lenders Erste Bank and Raiffeisen Bank have enjoyed strong profits at their central and eastern European operations, but with growth in these economies slowing, more recent results suggest that they may need to rethink their strategies in the region.
As the US's economic recovery picks up steam, the Federal Reserve has tapered purchases of debt securities and expects to raise interest rates later this year. First quarter results of the largest US commercial banks show that they are more than prepared for the challenges that will follow.