News Ecuador Banks: Key witness problematic in Ecuador bank collapse case
The former president of the Central Bank of Ecuador was set to be a chief witness against former bankers — the Isaias brothers — in a Miami court case but resigned after a deposition revealed he lied about receiving an economics degree.
News Ecuador Banks: Exclusive-Luxembourg banks told to freeze Ecuador assets amid Perenco dispute, documents show
LONDON (Reuters) -A Luxembourg bailiff has ordered banks to freeze assets held by Ecuador in Luxembourg accounts as a result of a dispute over a $391 million settlement award that Anglo-French oil company Perenco says remains unpaid, a document seen by Reuters show. Ecuador's government pledged in June 2021 to honor the debt, awarded Perenco by the World Bank's International Centre for Investment Disputes (ICSID), which ruled Ecuador had unlawfully ended a production-sharing agreement with the company. Ecuador's economy ministry said on Monday afternoon it had not been formally informed of the asset freeze and would establish payment terms for the settlement, which it said was for some $374.3 million.
News Ecuador Banks: Ecuador: Bank Spreads, Taxes, Executive Compensation and Growth
Bill Black is the author of The Best Way to Rob a Bank is to Own One and an associate professor of economics and law at the University of Missouri-Kansas City. He spent years working on regulatory ...
News Ecuador Banks: Ecuador’s banks urge Noboa to focus on reform
As Ecuadorian businessman Daniel Noboa prepares to take office as the country’s new and youngest-ever president on Thursday, there is hope but little expectation that the new administration could move ...
News Ecuador Banks: Ecuador: coronavirus vaccination mandatory for most citizens
Ecuador said Thursday that vaccination against COVID-19 will be mandatory for most citizens. Only Ecuadorians with a medical condition that could be complicated by ...
News Ecuador Banks: Ecuador Will Gradually Lower Tax on International Transfers -Lasso
Ecuadorian President Guillermo Lasso said on Tuesday the government will from January gradually reduce a tax levied on international transfers, which he said negatively affects efforts to attract ...
News Ecuador Banks: At least 12 dead, 21 injured after bus crashed through bridge rail and fell into a river in Ecuador
At least 12 people were killed and 21 others were injured after a passenger bus crashed through a road barrier and nosedived into a river in southeastern Ecuador near the border with Peru.
