VOICED : Venezuela designa funcionarios con poder de veto en uno de sus mayores bancos privados

The Venezuelan government appointed supervisors with veto power at Banco Occidental de Descuento (BOD) to protect client funds after asset freezes in Curacao and Panama. The financial group BOD decided to liquidate Banco del Orinoco in Curacao, leading to asset freezes by the Central Bank of Curacao and Panama's banking superintendent taking control of All Bank. Sudeban's measures aim to prevent BOD funds from being used to resolve issues in Curacao and Panama, despite claims of independence among BOD institutions.

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