Europe banks slump more than 4 pct after Greece shuts banks

June 29, 2015 7:20 AM

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LONDON, June 29 European bank shares crashed on Monday, with top banks in Spain, France and Germany down more than 6 percent, after Greece closed its banks and imposed capital controls on Sunday to stem outflows of cash and faced the prospect of leaving the eurozone.

Greece plans to hold a referendum on Sunday on the terms of a bailout plan from creditors, which prompted the European Central Bank to freeze the amount of emergency cash it would provide to Greek banks.

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