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Political turmoil and slowing demand are hitting efforts to reform the financial sector
Central bank looks into unusual transactions under ‘golden visa’ scheme
Country’s largest lender by assets Piraeus Bank worst hit with more than 20% fall
Private equity group teams up with 4 banks for investment
Bank’s covered bond will be its first in three years and follows NBG’s €750m bond sale
Reforms include speeding up foreclosures and combating ‘strategic’ defaults by borrowers
Wilbur Ross says Italian bank fundraising is not an “overwhelming opportunity”
Lenders have a good news story to tell
Rescue vehicle expected to fail 20 of 55 directors in suitability test at top four lenders
German bank bond with negative yield contrasts with Greek issues at double-digits
Greece’s lenders have proven resilience and capital controls have been less damaging than feared
Smaller rivals enjoy oversubscribed share issues to meet capital shortfall
Shoring up bank finances is seen as a key route out of recession
Another recapitalisation, but reduced government stake means this time is different
There is appetite for Greek bank equity, but recapitalisation has big drawbacks
Deciding recapitalisation levels for lenders will be no mean feat
Lenders fear details of the implementation of implementation may deter private investorsthey want to attract and ultimately lead to greater state involvement
Sector makes sustained heavy losses as pace of wider selling eases
Regulators and financial institutions had time to boost their immune systems against contagion
International Edition