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- Greece's second largest bank Piraeus Bank SA fails to raise enough funds from private investors
Greece's second largest bank Piraeus Bank SA fails to raise enough funds from private investors
Greece's second largest bank by assets Piraeus Bank SA said on Saturday that it failed to raise enough funds from private investors. The lender raised €1.34 billion, but it needs €4.93 billion to pass the European Central Bank's stress test.
Piraeus Bank will likely need capital from Greece's bank rescue fund.
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