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BPA-BANCOMADRID/
RTR4TJ21
March 16, 2015
A reflection of buildings is seen in the window of a closed Banco Madrid branch in Madrid, March 16,...
Madrid, Spain
Reflection of buildings is seen in the window of a closed Banco Madrid branch in Madrid
A reflection of buildings is seen in the window of a closed Banco Madrid branch 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 LOGO)
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