Hungary offers some relief to banks over costs from brokerage collapse

April 17, 2015 8:59 AM

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BUDAPEST, April 17 (Reuters) - Hungary's government has offered some relief to its banks and brokerages by introducing legislation to let them deduct some of the compensation paid to clients of failed brokerage Quaestor from their corporate tax.

The government proposed this month that Hungary's banks should foot some of the comensation bill from the collapse of three brokerages, just as the financial sector was looking forward to a period of calm after tensions with the authorities.

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