Financial Regulatory Forum

Chavez seeks gain from Venezuela bank purge

By Andrew Cawthorne

CARACAS, Dec 7 (Reuters) – President Hugo Chavez on Monday sought to reassure a nervous public and maximize political gain from an ongoing purge of Venezuelan banks that has cost him a close ally and unsettled the financial sector.

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Senior Venezuelan minister resigns in bank scandal

  By Frank Jack Daniel

CARACAS, Dec 6 (Reuters) – A senior minister and close confidant of Venezuelan President Hugo Chavez resigned on Sunday in a scandal that has shaken the OPEC nation’s banks and triggered a purge of businessmen with ties to the government.

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