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Banks jockey for Eu1.8bn NBG rights roles

National Bank of Greece launched a Eu1.8bn equity-raising exercise on Tuesday evening in a deal that showed the receptiveness of investors to financial institution cash calls. Deutsche Bank, which has an option to increase its stake in Deutsche Postbank and which it will need to recapitalise if it does so, was also linked with a Eu9bn rights issue on Thursday evening as EuroWeek went to press.

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