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Panama bankers knock 'malicious rumors'

Tuesday, May 10, 2016


Panama’s Banking Association has moved to scotch what it calls”malicious rumors published on social networks” about the stability of the financial system.

In a Monday press release, the association stressed that the takeover of Balboa Bank & Trust Corporationm owned by the Waked family, is an “isolated” event that does not put the rest of the industry at risk.



Source: Newsroom Panama