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Venezuela to go ahead with nationalisation of Santander bank unit.

Global Banking News-20 March 2009-Venezuela to go ahead with nationalisation of Santander bank unit(C)2009 ENPublishing -

Global Banking News - 20 March 2009(c)2005 - Electronic News Publishing -

Venezuela is planning to go ahead with the nationalisation of a bank unit of Santander (SAN.MC).

The president of the country, Hugo Chavez, said that the government would go ahead with the nationalisation move.

Earlier, government officials had said that the purchase was on hold.

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Publication:Global Banking News (GBN)
Date:Mar 20, 2009
Previous Article:Northern Rock issued risky loans after rescue.
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