President Hugo Chavez appears to have initiated his campaign to nationalize Venezuela’s private banks.
Yesterday a group of union workers employed by BOD protested outside the bank’s main branch in Caracas. Reportedly, Banco Provincial is the next target for a “union” protest.
Veremos what happens in the coming days or weeks.
But this is a much-used regime tactic to launch the takeover process at many companies. Ask the former Argentine owners of Ternium Sidor.