Greece activates rescue fund to save Greece' Proton Bank


ATHENS, Oct 10 (Reuters) Greece's central bank said on Monday it activated a bank rescue fund to save Proton Bank , effectively nationalising the small lender that is under investigation for possible violation of the country's moneylaundering laws.

It is the first lender to be nationalised under the Financial Stability Fund (FSF), a safety net set up by Greece and its international lenders for banks that need to recapitalise but cannot raise funds in the market.

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