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BPA-BANCOMADRID/
RTR4TIPM
March 16, 2015
An employee covers the door of a Banco Madrid branch behind a sign that was already taped to the door...
Madrid, Spain
Employee covers the door of a Banco Madrid branch in Madrid
An employee covers the door of a Banco Madrid branch behind a sign that was already taped to the door reading "Office Closed", in Madrid, March 16, 2015. Banco Madrid, a subsidiary of Andorran lender Banca Privada d'Andorra (BPA), has requested entry into insolvency proceedings and will suspend activity after significant deposit withdrawals, the Bank of Spain said on Monday. Andorra seized control of privately-owned BPA last week as it investigates U.S. allegations of money laundering, and replaced executives with provisional administrators. REUTERS/Andrea Comas (SPAIN - Tags: BUSINESS CRIME LAW POLITICS)
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