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Top banks put euro-area crisis fund on track
Largest lenders in bloc, including 14 from Germany, will contribute 2.8b euros this year
Add BT as a preferred sourcePublished Sat, Sep 12, 2015 · 12:00 AM
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Frankfurt
THE biggest euro-area banks will put 2.8 billion euros (S$4.5 billion) this year into crisis funds intended to keep taxpayers off the hook for meltdowns in the financial industry.
Fourteen German banks are contributing 1.4 billion euros, while five in France will pay 856 million euros and six in Italy 351.3 million euros, their filings show. German banks are paying more than twice as much as their French competitors when considering the levies as a share of assets.
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