Reuters with the headlines, quoting unnamed sources:
Greek banks face closures, bailout or not
Some large Greek banks may have to be shut and taken over by stronger rivals as part of a restructuring of the sector that would follow any bailout of the country, European officials have told Reuters.
More:
- One official said that Greece's four big banks - NationalBank of Greece , Eurobank , Piraeus and Alpha Bank - could be reduced to just two
- National Bank of Greece, Eurobank and Piraeus fell short in an ECB health check last year
- Alpha Bank was given an entirely clean bill of health
- A restructuring could follow a similar pattern to Cyprus, where one of the island's two main banks was closed as part of its stringent bailout, and Ireland, where three lenders were either shut or merged with rivals.