Athens suspends banks trading 09 June 2011Athens Reporter: Ben Wilkie
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The Athens Exchange has suspended trading, including securities lending and derivatives activity, in TT Hellenic Postbank and T Bank until the two firms confirm the progress of merger discussions.
The board of Hellenic Postbank is expected to meet with angry employees, who are mostly against the sale of the bank. They disagree on the absorption of T-Bank, as they believe that it could simplify procedures for the sale of Hellenic Postbank.
T-Bank announced that the board of the bank will meet on Friday, June 10, to discuss the merger proposal.
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