November 5, 2018 / 10:42 AM / 10 days ago

ECB revokes licence of Malta's Pilatus Bank

BRUSSELS, Nov 5 (Reuters) - The European Central Bank has withdrawn the banking licence of Malta’s Pilatus Bank, the Maltese financial regulator said in a statement on Monday.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 authorisation of Pilatus Bank with effect from today,” Malta Financial Services Authority said. (Reporting by Francesco Guarascio; editing by Louise Heavens)

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