BANK SCANDALS ARE nothing new. From BCCI to Barings, financial institutions have been brought down in the wake of the discovery of holes in their accounts. Now you can add Baninter to the list.
In the case of the third-largest bank in the Dominican Republic, though, the effects were much worse than those of bank frauds elsewhere. The scale of deception was so big that it has devastated the entire economy, which has suffered a currency collapse, a dramatic widening of bond spreads, and a downgrade of its credit ratings.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
