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Stanford Bank Venezuela
Stanford Bank Venezuela was Stanford International Bank's subsidiary in Venezuela. It was headquartered in Caracas and had several branches throughout Venezuela. The Venezuelan banking regulator estimated that Venezuelans had placed around $2.5bn in deposits with Stanford International. Stanford Bank Venezuela (SBV) was a subsidiary holding company of Stanford International, operating and licensed accorded the laws and regulations within Venezuela. Currency inflation and lack of liquidity prompted a run on several Venezuelan banks including SBV, forcing the government of Venezuela to intervene. In May 2009 the Stanford Bank Venezuela was sold to Banco Nacional de Crédito The Banco Nacional de Crédito (BNC) is a financial institution Venezuelan with private capital specialized in universal banking. It is headquartered in the El Rosal sector of Caracas. According to the ranking of SUDEBAN, it falls within the M ... for $111 m, with the bank being merged into BNC.'' El U ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sede Stanford Bank CCS
{{disambiguation, surname ...
Sede may refer to: People * Gérard de Sède * Marc Dion Sédé (born 1987), Ivorian football player Places * Sede, Ethiopia * Sede, district of Santa Maria, Brazil Other * SEDE, the Subcommittee on Security and Defence of the European Parliament See also * Sde (other) * SDE (other) Sde ( he, שְׂדֵה, link=no), also sometimes transliterated Sede, is a Hebrew word meaning ''field'' and may refer to the following places: * Sde Boaz * Sde Boker * Sde David * Sde Eliezer * Sde Eliyahu * Sde Ilan * Sde Moshe * Sde Nahum * ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stanford International Bank
Stanford International Bank was a bank based in the Caribbean, which operated from 1986 to 2009 when it went into receivership. It was an affiliate of the Stanford Financial Group and failed when its parent was seized by United States authorities in early 2009 as part of the investigation into Allen Stanford. Prior to its demise, Stanford International Bank Limited (SIBL) offered certificate of deposit (CDs) at rates consistently higher than those available from banks in the United States. History Founding The bank was started by Allen Stanford in 1986 in Montserrat where it was called Guardian International Bank. Allen Stanford's move into banking utilised funds he had made in real estate in Houston, Texas, in the early 1980s. There was no direct connection between Stanford's insurance business in Texas and the banking business. Stanford relocated its operations to Antigua. The bank's portfolio was overseen by an investment committee consisting of Allen Stanford; his father; ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Venezuela
Venezuela (; ), officially the Bolivarian Republic of Venezuela ( es, link=no, República Bolivariana de Venezuela), is a country on the northern coast of South America, consisting of a continental landmass and many islands and islets in the Caribbean Sea. It has a territorial extension of , and its population was estimated at 29 million in 2022. The capital and largest urban agglomeration is the city of Caracas. The continental territory is bordered on the north by the Caribbean Sea and the Atlantic Ocean, on the west by Colombia, Brazil on the south, Trinidad and Tobago to the north-east and on the east by Guyana. The Venezuelan government maintains a claim against Guyana to Guayana Esequiba. Venezuela is a federal presidential republic consisting of 23 states, the Capital District and federal dependencies covering Venezuela's offshore islands. Venezuela is among the most urbanized countries in Latin America; the vast majority of Venezuelans live in the cities of the n ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Caracas
Caracas (, ), officially Santiago de León de Caracas, abbreviated as CCS, is the capital and largest city of Venezuela, and the center of the Metropolitan Region of Caracas (or Greater Caracas). Caracas is located along the Guaire River in the northern part of the country, within the Caracas Valley of the Venezuelan coastal mountain range (Cordillera de la Costa). The valley is close to the Caribbean Sea, separated from the coast by a steep 2,200-meter-high (7,200 ft) mountain range, Cerro El Ávila; to the south there are more hills and mountains. The Metropolitan Region of Caracas has an estimated population of almost 5 million inhabitants. The center of the city is still ''Catedral'', located near Bolívar Square, though some consider the center to be Plaza Venezuela, located in the Los Caobos area. Businesses in the city include service companies, banks, and malls. Caracas has a largely service-based economy, apart from some industrial activity in its metropolitan ar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Simon Romero
Simon Romero is an American journalist who is a National Correspondent for ''The New York Times''. Based in Albuquerque, New Mexico, he travels widely to write about the Southwest, the U.S.-Mexico border and national political developments. In this assignment, he has written in-depth articles involving issues such as immigration, energy politics, Indigenous sovereignty and the border wall. Additionally, he has covered breaking news developments including street protests in Puerto Rio, volcanic eruptions in Hawaii, wildfires in California and hurricanes on the Gulf Coast. Previously, Romero worked in Latin America for The New York Times for more than a decade as the newspaper's Brazil Bureau Chief, based in Rio de Janeiro, and Andean Bureau Chief, based in Caracas. He covered major stories including the 2016 Olympics and 2014 World Cup in Brazil; drug wars in the Andes; deforestation in the Amazon River Basin; guerrilla insurgencies in Colombia, Peru and Paraguay; oil nationalism and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital media, digital subscribers. It also is a producer of popular podcasts such as ''The Daily (podcast), The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones (publisher), George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won List of Pulitzer Prizes awarded to The New York Times, 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national "newspaper of record". For print it is ranked List of newspapers by circulation, 18th in the world by circulation and List of newspapers in the United States, 3rd in the U.S. The paper is owned by the New York Times Company, which is Public company, publicly traded. It has been governed by the Sulzberger family since 189 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banco Nacional De Crédito
The Banco Nacional de Crédito (BNC) is a financial institution Venezuelan with private capital specialized in universal banking. It is headquartered in the El Rosal sector of Caracas. According to the ranking of SUDEBAN, it falls within the Medium Stratum in terms of bank size. Its founding president is Jorge Nogueroles, who long before had served as vice president of the Provincial Bank. His catchphrase is ''Where you hit right at the bank''. History It opens its doors in San Antonio del Táchira, Táchira State in July 1977 as Banco Tequendama branch of the bank of the same name in Colombia. In 2002, talks began for the purchase of the bank by a group of Venezuelan investors, completing the acquisition of the bank in February 2003 and changing the name in April of the same year to Banco Nacional. of Credit. By 2003 it had 13 agencies. By mid- 2007 the number increased significantly to reach 79 agencies nationwide. Five years later it would reach 156 agencies and ap ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
El Universal (Caracas)
''El Universal'' is a major Venezuelan newspaper, headquartered in Caracas.Browning, Mark (2003),Venezuela, ''World Press Encyclopedia'' ''El Universal'' is part of the Latin American Newspaper Association (Spanish, ''Periodicals Associates Latin-Americans''), an organization of leading newspapers in Latin America. Its main rival is '' El Nacional.'' The newspaper does not disclose circulation figures. History ''El Universal'' was founded in April 1909 in Caracas by the Venezuelan poet Andrés Mata and his friend Andrés Vigas, being the oldest of current Venezuelan newspapers. Political stance and editorial opinion On the morning of 13 April 2002, when the removal of Hugo Chávez in what later came to be referred to as the 2002 Venezuelan coup d'état attempt appeared a success, the paper headlined ''¡Un Paso Adelante!'' (One Step Forward!). The newspaper was described as pro-opposition by ''The Guardian'' in 2008, by the BBC in 2013 and by Reuters numerous times betwee ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Daily Telegraph
''The Daily Telegraph'', known online and elsewhere as ''The Telegraph'', is a national British daily broadsheet newspaper published in London by Telegraph Media Group and distributed across the United Kingdom and internationally. It was founded by Arthur B. Sleigh in 1855 as ''The Daily Telegraph & Courier''. Considered a newspaper of record over ''The Times'' in the UK in the years up to 1997, ''The Telegraph'' generally has a reputation for high-quality journalism, and has been described as being "one of the world's great titles". The paper's motto, "Was, is, and will be", appears in the editorial pages and has featured in every edition of the newspaper since 19 April 1858. The paper had a circulation of 363,183 in December 2018, descending further until it withdrew from newspaper circulation audits in 2019, having declined almost 80%, from 1.4 million in 1980.United Newspapers PLC and Fleet Holdings PLC', Monopolies and Mergers Commission (1985), pp. 5–16. Its si ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Failures
A bank failure occurs when a bank is unable to meet its obligations to its depositors or other creditors because it has become insolvent or too illiquid to meet its liabilities. A bank usually fails economically when the market value of its assets declines to a value that is less than the market value of its liabilities. The insolvent bank either borrows from other solvent banks or sells its assets at a lower price than its market value to generate liquid money to pay its depositors on demand. The inability of the solvent banks to lend liquid money to the insolvent bank creates a bank panic among the depositors as more depositors try to take out cash deposits from the bank. As such, the bank is unable to fulfill the demands of all of its depositors on time. A bank may be taken over by the regulating government agency if its shareholders' equity are below the regulatory minimum. The failure of a bank is generally considered to be of more importance than the failure of other types of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Defunct Banks Of Venezuela
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Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Disestablished In 2009
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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