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Monday, April 14, 2014

Greece's NBG hires Goldman, Morgan Stanley to manage share offering-source, (NYSE: MS)

Greece's largest lender National Bank has picked Goldman Sachs and Morgan Stanley as global coordinators for a planned equity offering to plug its 2.18 billion euro capital shortfall, a senior banker familiar with the issue told Reuters on Monday on condition of anonymity. NBG had previously said it would not resort to an equity issue to plug the capital gap but would focus on selling non-core assets instead.

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 fell by 2.67% or $-0.78/share to $28.47. In the past year, the shares have traded as low as $20.16 and as high as $33.52. On average, 14085900 shares of MS exchange hands on a given day and today's volume is recorded at 21453616.