Athens bourse suspends trading of ATEBank

The Athens stock exchange said on Monday it was suspending trading of ATEBank following a decision by the central bank to split the struggling lender in two.

Greece’s central bank said on Friday that the fourth-biggest lender Piraeus Bank would take over ATEbank’s performing loans and securities portfolio, as well its deposits. The government has a roughly 90 percent stake in the ailing lender. [Reuters]