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Venezuela Banking News. Service for global professionals. Constantly updated news and information about Venezuela.
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Latest Venezuela Banking News

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  • Venezuela reopens banks 17 Dec 2009 05:37 GMT
    ... Three banks shuttered by Venezuela's leftist government are to reopen later this month after a state-run "rehabilitation," Caracas said ...

  • Hugo Chávez ally's brother linked to banking scandal 19 Dec 2009 04:32 GMT
    ... Hugo Chávez ally's brother linked to banking scandal A court has ordered the arrest ... bank executives for alleged violations at seven banks later taken over by Venezuelan President Hugo Chávez's government. Prosecutors have also ...

  • Four seized banks merge into state-run Banco Bicentenario 19 Dec 2009 06:11 GMT
    ... December 14 Intervention of banks Bolívar, Confederado and Central will end on ... Gazette No. 5,943 the resolutions of the Venezuelan Superintendence of Banks and Other Financial Institutions ... Agencia Bolivariana de Noticias (ABN) reported. Government's banking watchdog intervenes brokerage U21 Casa de Bolsa ...

  • Banking Crisis Challenges Venezuela's Chvez 10 Dec 2009 16:42 GMT
    ... the Boli-bourgeoisie, a small cadre of favored Venezuelan businessmen who have become wealthy through their ... Nov. 20 the government has closed seven banks, ordered the arrest of 27 bankers, and ... a loyal cabinet minister to prevent a banking scandal from turning into a full-fledged financial ...

  • Venezuela Takes Over Another Bank, Arrests Ex-Head of National Securities Commission 14 Dec 2009 06:31 GMT
    ... Caracas, December 13, 2009 (venezuelanalysis.com) – In a statement to the press, ... statement to the press, Venezuela’s Superintendency of Banks and Other Financial Institutions (Sudeban), announced that ... growing investigation into fraud in the country’s banking sector. “This bank, which was already the ...

  • Opposition leader: Chávez knew about bankers' criminal actions 16 Dec 2009 17:30 GMT
    ... Opposition leader: Chávez knew about bankers' criminal actions Un Nuevo Tiempo (UNT), a Venezuelan opposition party, urged top government officials to ... of UNT, said that the intervention of banks is related to the murder of prosecutor ...

  • Venezuela banks worried by deposit insurance hike 17 Dec 2009 22:36 GMT
    ... * Banking group says premiums may erase profits-paper CARACAS, ... erase profits-paper CARACAS, Dec 17 (Reuters) - Venezuelan banks are worried a large jump in deposit ...

  • venezuela: New Chavez steps to remodel the economy 16 Dec 2009 04:32 GMT
    ... in the electricity, steel, oil services and banking industries Venezuela’s President Hugo Chavez has said he ordered ... he ordered the nationalization of two more banks shut down by his government to investigate ...

  • VENEZUELA: Basic Industries & Mines Minister Rodolfo Sanz reported to be facing corruption investigation; dismissal 19 Dec 2009 00:35 GMT
    ... his associates at the state-owned industrial conglomerate Venezuelan Guayana Corporation (CVG) of which Sanz is ... of corruption charges that have devastated Venezuela's banking sector leading to the nationalization of a series of banks and the flight from Venezuela of a ...

  • Venezuela To Reopen 3 Banks After Gov't Takeovers 14 Dec 2009 23:06 GMT
    ... Confederado and Central Banco Universal as state-operated banks on Dec. 21, according to the Official ... closed eight banks, citing widespread violations of banking regulations that led to financial troubles. The ... those owned by close associates, according to Venezuela's banking regulatory agency. At least 10 people ...

  • VHeadline Venezuela News -- December 18, 2009 -- LATEST 18 Dec 2009 17:09 GMT
    ... VHeadline.com Venezuela is a foreign-based e-publication entirely focused on ... blames Crystallex for seven-year sentence VZLA tightens banking sector rules as corruption investigation continues Fedecamaras ... state of crisis Venezuelan government reinstates seized banks at loss of US$43.13 billion Interview // ...

  • Venezuelan Government Continues Restructure of Banking Sector 18 Dec 2009 23:54 GMT
    ... 2009 (Venezuelanalysis.com) – The Venezuelan government announced on Wednesday ... a month-old state intervention into the private banking and finance sector to combat fraud. Also, ... government opened national investigations of eight private banks, one state-owned bank (Banfoandes), and several stock ...

  • Venezuela shuts 8th private bank in 11 days 12 Dec 2009 02:52 GMT
    ... short-term obligations, threatening to undermine confidence in Venezuela's financial system. "(Banorte's) illiquid situation did not ... (it) to cover its short-term obligations," the banking suprintendency said in a statement. It was ... the government. Chavez said he shut seven banks last week to uproot financial corruption and ...

  • Venezuela triples deposit insurance after scandal 17 Dec 2009 01:52 GMT
    ... increase saver protection * Toughen rules for banks after eight collapse * Chavez says new ... Chavez comment) CARACAS, Dec 16 (Reuters) - Venezuelan lawmakers on Wednesday tripled insurance coverage on ... after warning he could nationalize the whole banking system if serious problems emerged, he later ...

  • Venezuela Seizes Assets of Bankers Charged with Fraud 13 Dec 2009 18:01 GMT
    ... (YVKE) After national investigators announced that several banking executives are suspected to have fled the ... fled the country to avoid fraud charges, Venezuelan President Hugo Chavez ordered the seizure of ... former president of the Canarias and Bolivar banks, which are among the eight banks in ...


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