Greek bank stocks hit record lows after leftist poll win

January 28, 2015 6:43 PM

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ATHENS (Reuters) - Greek bank stocks fell by more than 22 percent on Wednesday as the Athens market suffered a third day of turmoil following the election of a government led by leftist anti-austerity Prime Minister Alexis Tsipras.

Fears that Greek banks, facing increased deposit outflows, could be shut out of European Central Bank liquidity assistance if their assets were no longer accepted as collateral led to a rout as investors dumped financial stocks. Bank shares have fallen by a total of 40 percent since Sunday's vote.

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