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Caixa Económica Montepio Geral closes Cayman Islands branch

CaixaEconómica Montepio Geral concluded the closure of its CaymanIslands-based branch as of July 11.

The move is part of a strategic plan approved at anextraordinary general meeting Dec. 30, 2015. The closure will reduce CaixaEconómica Montepio Geral's compliance risks, the Portuguese lender said July 21.