Thursday, December 20, 2012

Leading Greek Banks Need $17.2 Billion Capital Boost

Two of Greece's largest lenders, EFG Eurobank Ergasias SA EUROB.AT -7.68% and Piraeus Bank, TPEIR.AT -10.12% said Thursday they will need a capital boost in excess of €13 billion ($17.20 billion) after taking massive losses from the country's debt restructuring earlier this year.


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WSJ