Attica Bank

The findings of the inspection of Attica Bank that the Bank of Greece conducted jointly with the European Central Bank’s Single Supervisory Mechanism will be submitted to the prosecuting authorities to establish the accountability of the lender’s former managers.

His promise that Greece will regain its credibility among its lenders gave New Democract leader Kyriakos Mitsotakis in a press conference in Thessaloniki on Sunday, and reiterated his call for snap elections.

Relations between the Bank of Greece (BoG) and the government were never soured, its governor Yiannis Stournaras told reporters after a meeting with Prime Minister Alexis Tsipras on Saturday.

The inspection of Attica Bank that the Bank of Greece conducted jointly with the European Central Bank's Single Supervisory Mechanism has led to some exceptionally serious findings that in the coming days will be submitted to the prosecuting authorities to establish the accountability of the lender's former managers.

Investigators on Thursday carried out surprise raids on the company offices of Stavroula Nikolopoulou, the spouse of Bank of Greece Governor Yannis Stournaras, as well as the couple's home, as part of a probe into the alleged mismanagement of state funding for the Hellenic Center for Disease Control and Prevention (KEELPNO).

Professors Panayiotis Roumeliotis and Gerasimos Sapountzoglou are the names put forward for the posts of Attica Bank chief executive and chairman, respectively, by the lender's main stakeholder, the Engineers' Fund (TSMEDE).

An immediate impact was seen on the Greek stock market on Wednesday after the negotiations between Athens and its creditors hit a snag on Tuesday, inflicting significant losses, mainly on bank stocks, as well as the benchmark.

A double cyber attack on Greek banks has been taking place with precision over four days. A group of hackers has launched therats against the e-banking systems of three Greek banks seeking a ransom in bitcoin. Meanwhile, there are leaks of Greek debit and credit card data that  have been used for transactions with the United States in recent days.

By Cecile Vannucci

Equity markets in Spain and Greece fell, while European stocks were little changed as holidays across the region curbed trading volume.

International rumors about a Greek eurozone exit and the bleak outlook of the country?s negotiations with its creditors sent local stocks even lower on Wednesday, with banks again bearing the brunt of the selling pressure.