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Wednesday, April 16, 2014

Greece's bank bailout fund clears NBG's planned equity offering

Greece's bank bailout fund HFSF has given the green light to plans by National Bank (NBG) to proceed with a share offering of up to 2.5 billion euros to plug a capital shortfall, a senior banking source with direct knowledge of the matter told Reuters on Wednesday. Greece's biggest lender, which must plug a 2.18 billion euro ($3.03 billion) capital shortfall under the terms of the country's ...

READ THE ORIGINAL POST AT finance.yahoo.com