ECONOMY

Greek stocks open higher, banks still losing

greek-stocks-open-higher-banks-still-losing

Shares in Greece's National Bank and Eurobank rebounded sharply in early trading on Thursday, bucking three days of losses that saw the banking-stock sector decline around 63 percent.

NBG, Greece's largest bank, was up 8.8 percent, and Eurobank gained 7.7 percent.

Greece's banks have been pummeled over the week in part by fear that coming recapitalization will hurt existing shareholders.

[Reuters]