Finablr faces possible insolvency; central bank seizes UAE Exchange ops
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DUBAI (Reuters) - Travelex-owner Finablr warned on Tuesday it was preparing for potential insolvency, while operations of its unit in the United Arab Emirates (UAE) was seized by the country's central bank.The developments are the latest setbacks for London-listed Finablr, which along with troubled UAE hospital operator NMC Health was founded by Indian-born businessman BR Shetty. The UAE's central bank said late on Tuesday it has taken control of the operations of UAE Exchange, and its..