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Greece sets terms for banks to raise cash in 14.4b euro recap

Bank stocks rally on news; state fund to offer mix of common shares and convertible securities


GREECE's government detailed under what terms it will help banks plug a 14.4 billion euro (S$22 billion) hole in their books identified by the European Central Bank, paving the way for the lenders to seek cash from investors for the second time in 18 months.

The ECB expects...

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