Wealth and Asset Management
Venezuela government intervenes at private bank after offshore affiliate closes
Venezuela’s banking regulator will launch a temporary state intervention of private bank Banco Occidental de Descuento according to a document seen by Reuters on Thursday, following the closure of the bank’s offshore affiliate in Curacao. The measure at the country’s fifth-largest bank by assets, which has 6 million clients, will…
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Click here to read the full story: Reuters