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FBOP Can't Grab $265M Bank Tax Refunds, FDIC Says

By Ama Sarfo ( June 12, 2014, 7:36 PM EDT) -- The Federal Deposit Insurance Corp. sued FBOP Corp. in Illinois federal court Tuesday claiming the now-shuttered financial company cannot claim $265 million in tax refunds generated by several failed subsidiary banks because the banks earned the income and incurred the losses that generated refunds....

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