Greece's Piraeus and NBG to set up 'bad banks' as bad loans soar

By Laura Noonan and George Georgiopoulos LONDON/ATHENS (Reuters) - Greece's biggest lenders, National Bank of Greece and Piraeus plan to put their troubled loans into separate "bad banks" in order to restore consumers' confidence in the rest of their business, the banks' executives told Reuters. National Bank of Greece (NBG) deputy chief executive Petros Christodoulou said he was also talking to ...

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