EU Bank Debt-Guarantee Plan May Struggle to Thaw

EU Bank Debt-Guarantee Plan May Struggle to Thaw

Martin Ruetschi/AP Photo/Keystone

Bank stocks rallied the most since May 2010 yesterday after EU leaders agreed to bolster lenders’ capital, boost the size of the region’s rescue fund and persuaded bondholders to accept a 50 percent loss on their holdings of Greek debt.