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ECB revokes license of Malta’s Pilatus Bank

ECB revokes license of Malta's Pilatus Bank© Reuters. FILE PHOTO: The office of Pilatus Bank at Whitehall Mansions in Ta’ Xbiex, Malta

BRUSSELS (Reuters) – The European Central Bank has withdrawn the banking license of Malta’s Pilatus Bank, the Maltese financial regulator said in a statement on Monday.

“The ECB’s Governing Council has decided to withdraw the authorization of Pilatus Bank with effect from today,” Malta Financial Services Authority said.

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Source: Investing.com

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