Friday, March 22, 2013

Ecuador orders small bank to suspend operations

QUITO, March 18 | Mon Mar 18, 2013 8:01pm EDT
(Reuters) - Ecuador's banking regulator on Monday ordered one of the smallest banks in the Andean country to suspend operations due to solvency and liquidity problems.
The Territorial Bank currently has assets worth $170 million. Ecuador's banking system had total assets worth nearly $28 billion by the end of 2012.

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