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The Boston Globe

Business

Greek banks postpone merger

ATHENS — Greek banks NBG and Eurobank on Monday said their planned merger has been postponed, causing huge volatility in their share price amid fears they may be nationalized.

National Bank of Greece and Eurobank saw their stock plunge 30 percent — the maximum drop allowed in a session — earlier in the day. But NBG ended the session limiting losses to 10 percent, while Eurobank staged an astonishing rebound to close up 23.3 percent.

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