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Barclays, Fidera Seek Payout From Bankrupt UAE Remittances Firm

Barclays Plc and London-based hedge fund Fidera Ltd are among dozens of creditors seeking to recover money they say they’re owed by Dubai’s United Arab Emirates Exchange Center LLC — a collapsed remittance provider with an estimated $1 billion hole in its balance sheet.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

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