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Latin American Economy & Business - November 2015 (ISSN 1741-7430)
Honduras: Banco Continental and the Rosenthals’ empire: orderly liquidation, so far…
Recent actions by the US Treasury’s Office of Foreign Assets Control (OFAC) and the Honduran government against three members of the wealthy and very prominent Rosenthal family have caused a massive scandal. The actions also appear to have caused cash flow problems for some of the family’s businesses. However, the forced closure and liquidation of the Rosenthals’ Banco Continental appears unlikely to cause problems for the Honduran banking system or for the economy as a whole.
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