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ECB asks Portugal's Novo Banco to plug 1.4b euro capital hole

Monday, November 16, 2015 - 05:50

Frankfurt

THE European Central Bank has ordered Portugal's Novo Banco to fill a 1.4 billion euro (S$2.14 billion) hole in its finances, possibly delaying its planned sale and hampering Lisbon's efforts to draw a line under its biggest banking collapse.

The request to repair Novo

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