trending Market Intelligence /marketintelligence/en/news-insights/trending/5qto-h-pfqjqpcyloxap-g2 content esgSubNav
In This List

Argentine courts declare Banco Finansur bankrupt


Banking Essentials Newsletter: 7th February Edition

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations


Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


Banks’ Response to Rising Rates & Liquidity Concerns

Argentine courts declare Banco Finansur bankrupt

Argentine courts have started official bankruptcy proceedings for troubled lender Banco Finansur SA, La Nación reported.

The move follows a decision by regulators to revoke its banking license, ordering a restructuring process and a deal that will see Banco de Galicia y Buenos Aires SA assume some of the troubled lender's assets and liabilities.

Under an agreement, Banco Galicia will assume the responsibility of Banco Finansur's operations, including the management of its eight branches, as well as responsibility over its customers and staff, the central bank said March 8.

Banco Finansur's demise is tied to a corruption and tax evasion investigation into one of its owners, Cristóbal López.