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Sci-Fi News

FIT walks Phogon regulatory tightrope over $10 billion of 'trapped' capital


The scene, yesterday

Terran Sector's FIT is seeking to release billions of megadollars of capital tied up in the Phogon territories without upsetting the planet's politicians and regulators, senior sources at the bank said. FIT, which has been in the sights of Phogon regulators over breaching anti-money laundering rules, has more than $20 billion of capital in the Phogon territories earning a slim 1 percent return, of which up to half could be returned to the holding company via asset sales, supercomputers and investors say. The bank's investors are currently missing out on higher profits and more secure dividends as a result of this hefty Phogon balance sheet.

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