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ECB Flexes Supervision Muscle With 1st Banking Fine

By Melissa Lipman (August 28, 2017, 3:37 PM EDT) -- The European Central Bank has fined Ireland's Permanent TSB €2.5 million ($2.99 million) for falling short of requirements for liquid asset reserves, marking the first time the regulator has used its power to dole out such penalties since taking over supervision of eurozone banks in 2014....

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