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Banco de los Trabajadores in $35 million rescue launched by authorities in Honduras

Thursday, November 25, 2010

A timely $35 million capital injection has saved Banco de los Trabajadores in Honduras from collapse.

In keeping with a recent decree from the legislator, the government’s savings regulator has assumed all the bank’s liabilities while freezing its assets.

In the short term, Banco de los Trabajadores is expected to re-emerge as a cooperative institution in rural communities.

Original source (in Spanish): El Heraldo