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Portuguese bank demands 1.3bn euros in state aid amid crisis
Logo of the Portuguese bank BPI
The Portuguese bank BPI has reportedly asked for 1.3 billion euros in public aid to comply with the principles laid out by the European Banking Authority, as the financial crisis in the eurozone seems to be deepening.
Banco BPI, which is Portugal’s third largest listed bank, said on Monday that it would also raise 200 million euros from private investors.
The news...