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SRB Dropped Bail-In For Banco Popular Amid Cash Crisis

By Mariko Iwasaki (February 2, 2018, 2:41 PM GMT) -- The decision to drop "bail-in" plans and sell Spain's Banco Popular Espanol SA for only €1 ($1.25) in June 2017 to ward off bankruptcy, now being contested in Europe's top court, was taken to avert a liquidity crisis, an authority for handling failing banks said Friday....

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