Greek Bank Woes Intensify in 2016 as Shares Sink by Half

Greek banks have plunged by more than 55 percent this year, as uncertainty over yet another stalled bailout review weighs on the country’s economic recovery prospects. That’s bad news for investors including Wilbur Ross, Fairfax Financial Holdings Ltd. and Paulson & Co., which participated in share-capital increases of Greek banks in late 2015.

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