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TVI condemned over catastrophic banner-story that Banif was closing

Press regulator ERC has condemned TVI for “not contacting the interested parties” before going live on December 13 with information that Banif bank was closing.

The precipitous story, which TVI amended over the course of the evening, caused a billion euro run on the bank and saw it subjected to a ‘resolution’ a week later at the hands of Santander Totta. It now remains to be seen whether TVI will appeal.