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BPA-BANCOMADRID/
RTR4TITH
March 16, 2015
A police car is seen parked in front of a Banco Madrid branch with a closed sign on its door in Madrid,...
Madrid, Spain
Police car is seen parked in front of a Banco Madrid branch with a closed sign on its door in Madrid
A police car is seen parked in front of a Banco Madrid branch with a closed sign on its door 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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