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Barclays, Fidera Seek Payout From Bankrupt UAE Remittances Firm
Source: Bloomberg
Banking & LiquidityCredit & Bond MarketsCompany Fundamentals
Dubai-based UAE Exchange Center LLC, a collapsed remittance provider, has an estimated $1 billion balance-sheet shortfall. Barclays and London hedge fund Fidera are among dozens of creditors seeking to recover money they say they are owed.
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