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ANDORRA-BPA/
RTR4SWTT
March 11, 2015
A man sits in front of the headquarters of the Banco de Madrid in Madrid March 11, 2015. The financial...
Madrid, Spain
A man sits in front of the headquarters of the Banco de Madrid in Madrid
A man sits in front of the headquarters of the Banco de Madrid in Madrid March 11, 2015. The financial authority of tax haven Andorra has taken control of private bank Banca Privada D'Andorra (BPA) after the United States declared the lender as under suspicion for money laundering, the Andorran government said on Tuesday. The Bank of Spain said later on Tuesday it would take over Banco de Madrid, BPA's wholly-owned Spanish unit, in the interests of the lender's continuity following the events at BPA. REUTERS/Andrea Comas (SPAIN - Tags: BUSINESS POLITICS)
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