Economy & Business - October-November 2012 (ISSN 1741-7430)

COLOMBIA: Scandal soars as Interbolsa plummets

Andean by LatinNews 05 December 2012 Modified: 05 December 2012 1355 views

The biggest stockbroker in Colombia faced a liquidity crisis in November that forced its takeover by the financial regulator/superintendence (SF). A week later, the regulatory announced Interbolsa’s liquidation. An intricate and ethically questionable series of practices also came to light, prompting several criminal investigations.

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