29 de Sep de 2022

Nacional

Stanford to be sold

PANAMA. Panamanian regulators say an unnamed buyer has offered to purchase the local unit of Stanford Bank from its government.

PANAMA. Panamanian regulators say an unnamed buyer has offered to purchase the local unit of Stanford Bank from its government.

Panama took control of the bank in February, when US regulators filed fraud charges against Texas billionaire R. Allen Stanford.

Hundreds of account holders were unable to withdraw any money and businesses were unable to pay their employees when the bank went into administration for sixty days.

Panama's banking oversight agency did not give the name or source of the bid on Saturday, but said it will continue accepting offers as it prepares the bank for sale over the next 60 days.

The bank was shuttered amid a run on deposits amid US charges that Stanford was involved in an $8 billion fraud scheme. Regulators have not reported any losses in Panama.

Stanford operated banks and brokerages in a half-dozen Latin American countries.