57.4 F
San Francisco
Thursday, January 23, 2020
Be a Census Taker!
Tags Banco de Venezuela

Tag: Banco de Venezuela

The nationalization of Banco de Venezuela

Banco de Venezuela is one of the most important banks in Venezuela, with a 12 percent share of the market in loans and obtained profits of US$170 million in the first half of 2008, a 29 percent increase on 2007, when its profits had already increased by 20 percent. It has 285 offices and 3 million customers. Banco de Venezuela was nationalized in 1994 after a massive banking crisis which bankrupted 60 percent of the banking sector, only to be privatized in 1996 and bought by the Spanish multinational banking group Grupo Santander for only US$300 million. In only nine months Grupo Santander recovered its original investment.

Latest News

Our 2020 Vision: Make Africa Great Again

by Paradise Freejahlove Supreme When I first started...

How the New York Fed strangles Iraq

Every time there’s an economic crisis anywhere in the world, pretty much it’s all resolved through the New York Fed. If they want to cut you off from the global economy, they can do so at the flick of a switch.

San Francisco District Attorney Chesa Boudin announces elimination of cash bail

“For years I’ve been fighting to end this discriminatory and unsafe approach to pretrial detention,” District Attorney Chesa Boudin said. “From this point forward, pretrial detention will be based on public safety, not on wealth.”

New affordable ownership home at 6 Mint Plaza in San Francisco!...

New “Below Market Rate” Ownership Home at 6 Mint Plaza in San Francisco!

Activism in the age of prisoner resistance: College students and activists...

A revolution in inside/outside organizing is pushing prison activism to new levels, harnessing new technologies and broad-based people power to push back against the exploitative and extractive prison industries and injustices of incarceration.