Reuters: Regulatory News: Bank of Cyprus, Popular Bank shares suspended until Apr 15

Reuters: Regulatory News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Bank of Cyprus, Popular Bank shares suspended until Apr 15 Apr 2nd 2013, 06:45 NICOSIA, April 2 | Tue Apr 2, 2013 2:45am EDT NICOSIA, April 2 (Reuters) - Cyprus's stock exchange said on Tuesday trading in shares of Bank of Cyprus and Cyprus Popular Bank would be suspended until April 15 inclusive to protect shareholders. Administrators have been appointed for Popular, which will be split into a "good" and a "bad" bank, with its good assets taken by Bank of Cyprus under terms of a bailout deal with international lenders. In addition, Bank of Cyprus' major depositors will see 37.5 percent of their uninsured deposits converted to equity.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions