Panama receives bid for local bank branch

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Panama receives bid for local bank branch
Oluşturulma Tarihi: Nisan 20, 2009 00:00

PANAMA CITY - Panamanian regulators said they have received an offer for 100 percent of the shares in the local branch of the Stanford Bank, taken over by the government in February following fraud accusations against U.S. financier R. Allen Stanford.

Panama's bank oversight agency has 60 days to re-order the bank and ready it for sale, during which time it could receive further offers.

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