The Bank of Spain has estimated an outflow of funds exceeding 20% of deposits in Banco Madrid in the three days immediately after surgery.
In March Finally, the Madrid Bank became the twelfth operated financial institution or nationalized in Spain after the outbreak of the crisis. However, the cause was not lack of solvency or liquidity, but by the serious allegations of money laundering from the United States to its parent, Banca Privada d’Andorra Andorra (BPA), which led to the principality of Andorra intervene that bank.
A month after that hacho, the novelty is that rl Bank of Spain has estimated an output exceeding 20% of funds Bank deposits in Madrid in the three days immediately after surgery.
The supervisor has also pointed out that this situation is “certainly aggravate” after the imprisonment in Andorra CEO of BPA, Joan Pau Miquel Prats, after reports of alleged breaches by Banco Madrid of the Spanish regulations on the prevention of money laundering. / Source: Europa Press and The Confidencial.com
No comments:
Post a Comment