Plug pulled at Centradia

The portal -- owned by Royal Bank of Scotland (RBS), SG, Banco Santander Central Hispano and San Paolo IMI -- is said to have collapsed due to lack of support from shareholder banks. The decision to close was taken at the end of 2004, after it failed to get financial backing from its funding banks. Market sources said the banks were asked to invest more money to secure its future, which they refused.

Each of the banks is expected to provide clients with its own platform to replace the functions

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