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Tuesday, April 9, 2013

Greek bank stocks plunge after merger freeze

Merger of two biggest banks is on hold after international lenders express concern about the banks' ability to raise $20 billion. Fears over Greece's economy resurge.

ATHENS — Greek bank stocks plunged 30% on Monday, the maximum allowed in a day, after plans to merge the country's two biggest lenders were suddenly frozen.

READ THE ORIGINAL POST AT www.latimes.com