Finablr seeks insolvency as stock market blood bath takes first victim

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As the global battle against Covid-19 moves into uncharted territory, the avalanche witnessed across global stock markets may have claimed its first victim. Finablr, the owner of Travelex, has asked advisers to prepare for a possible insolvency, paving the way for the end of a company worth more than £1 billion only last year.

Finablr seeks insolvency as stock market blood bath takes first victim

The company has more than 25 million retail customers across subsidiaries such as Travelex and UAE Exchange, providing foreign exchange services in airports and high streets around the world. More than 1,500 corporate and institutional

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