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Bawag Inches Closer To Settlement With Refco Creditors

By Catherine Fredenburgh (April 28, 2006, 12:00 AM EDT) -- After Refco Inc. creditors sued Bawag PSK Group for more than $1.3 billion over allegations that it helped push Refco into bankruptcy through fraudulent loans, the embattled Austrian bank has said it will make a compromise settlement with creditors if approved by the U.S. Bankruptcy Court....

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