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BCE Inc. has had a lawsuit filed against it by several Canadian banking institutions over a loan of US$1.25 billion to subsidiary Teleglobe Inc.

BCE Inc. has had a lawsuit filed against it by several Canadian banking institutions over loans totalling US$1.25 billion to subsidiary Teleglobe Inc. In the suit, filed last Friday in the Ontario Superior Court of Justice, 19 lenders are seeking US$1.19 billion in damages.

Microsoft's Distributed interNet Applications architecture for Financial Services (DNAfs) may not revolutionize the infrastructures of large financial...