Some of Greece's biggest banks may have to shut and merge with their rivals, it has been claimed.
A European official told the Reuters news agency that Greece's four big banks - National Bank of Greece, Eurobank, Piraeus and Alpha Bank - could be reduced to just two.
European leaders are meeting on Sunday in a bid to strike a financial aid deal with Greece.
Some of Greece's biggest banks may have to shut and merge with their rivals, it has been claimed.
A European official told the Reuters news agency that Greece's four big banks - National Bank of Greece, Eurobank, Piraeus and Alpha Bank - could be reduced to just two.
The source said the move could be part of a restructuring of the banking sector following any new bailout.
European leaders are meeting on Sunday in a bid to strike a financial aid deal with Greece.
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Greeks have voted to reject the terms of an international bailout, putting it on the brink of a eurozone exit.
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