Banco Latino controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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1994
Banco Latino banking collapse and investigations
The bank failed after a run that began in late 1993. The subsequent government intervention led to investigations and allegations involving overseas transfers, fugitive directors and managers, and post-intervention manipulation of electronic records. The allegations were followed by lengthy litigation, with the supplied historical account stating that the relevant criminal cases and suits were ultimately dismissed or otherwise resolved in favor of the accused parties.