Banco Sudamericano clients receiving their deposits

From 8 to Saturday September 20, the Deposit Insurance Corporation (Cosede for its Spanish acronym) will return the money of 11.086 customers of Banco Sudamericano. The financial entity was closed by the Superintendency of Banks and Insurance (SBS for its Spanish acronym), on...

Banks shall be sanctioned for clients discrimination

Four penalties may face the banking establishments of the private financial system that denies credits to persons who fulfill all the requirements. The most serious is the closure of the institution. This case is applicable, according to the authorities of the Superintendence of...