Stanford Sale Awaits Closing
Panama-based reinsurance company QBE del Itsmo and local tourism tycoon George Novey won the auction to acquire the country’s Stanford Bank operations, according to a banker involved in the process. He adds that the current bank president, Ramon Martinez, will stay on board. A lawyer working on retrieving Stanford assets in LatAm believes the sale price could be...
Already have an account?
Subscribe now for unlimited access to all current and archive news, data and market analysis.
Take a free two-week trial now for the latest news, data and market analysis.