Greece's bank bailout fund HFSF has given the green light to plans by National Bank (NBG) to proceed with a share offering of up to 2.5 billion euros to plug a capital shortfall, a senior banking source with direct knowledge of the matter told Reuters on Wednesday. Greece's biggest lender, which must plug a 2.18 billion euro ($3.03 billion) capital shortfall under the terms of the country's international bailout, has picked Goldman Sachs and Morgan Stanley as global coordinators for the offering, bankers have previously said.
Morgan Stanley is a global financial services company that, through its subsidiaries and affiliates, provides its products and services to a range of clients and customers, including corporations, governments, financial institutions and individuals. Shares of MS traded higher by 0.34% or $0.1/share to $29.65. In the past year, the shares have traded as low as $20.16 and as high as $33.52. On average, 14130300 shares of MS exchange hands on a given day and today's volume is recorded at 5330953.
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