BAD_BANK
Economy

Why Cyprus needs a privately run ‘bad bank’

By transferring the bad assets of an institution to the bad bank, the original banks clear their balance sheet of toxic assets, but would be forced to take write-downs

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london
Sports

Eliud Kipchoge wins London Marathon

Kenya’s Eliud Kipchoge got the better of compatriot and defending champion Wilson Kipsang in a fierce battle over the closing miles to win the London Marathon by five seconds on Sunday with world record holder Dennis Kimetto third.

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