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Bank bankruptcy

World news about “Bank bankruptcy” published by euronews.

16/03 13:42 CET

Banco Madrid files for bankruptcy

Banco Madrid files for bankruptcy

Spanish bank, Banco Madrid has filed for bankruptcy. The move comes after the US Treasury accused the bank's Andorran parent of laundering money for organised crime groups. Customers of Banco Madrid, which caters for wealthy clients rushed to empty their accounts after the …