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EU banks urged to grasp chance to raise capital

"European banks have been urged to take advantage of favourable market conditions to raise capital before tougher rules on tapping public backstops come into force."

"Vítor Constâncio, the European Central Bank ’s vice-president, said the current strong appetite among investors to plough money into euro area banks was “reassuring”, amid a series of fundraisings by euro area lenders."

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