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Wednesday, 18 February 2009

Stanford Bank is healthy in Venezuela ?

Venezuela's top banking regulator says Stanford Bank is healthy in the country despite fraud allegations elsewhere that led U.S. authorities to shut down offices and freeze assets.Venezuela's superintendent of banks, Edgar Hernandez Behrens, said Stanford Bank Venezuela is in fine shape and that "the situation is normal." He was seeking to reassure Venezuelan depositors who panicked at the news of fraud allegations and sought to withdraw funds.Hernandez said Wednesday that Stanford Bank Venezuela is not affiliated with Stanford Bank on the Caribbean island of Antigua, where some fraud accusations have centered.The U.S. Securities and Exchange Commission has shut down Stanford Bank, owned by Texas billionaire

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