Expat Community > Panama

panamajames
Joined 2012
Posts: 5098

Universal Bank Concerns.........

11 years ago

Universal Bank will no longer be owned by the family Virzi. Some folks considered them a bit of a crime syndicate in Panama. The Superintendency of Banks of Panama (SBP) set up a joint reorganization of Universal Bank after the June 5th problems. The SBP looked into the operational and administrative management of the bank, and detected an increased risk in their financial standing and the impossibility of the entity to continue as a going concern.....................Hey and some good news for Cigar smokers and those who want to visit Cuba. The Governments of the United States and Cuba formally announced their decision to restore full diplomatic relations and proceed with the reopening of their embassies, scheduled for July 20th.

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SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More