217:
83:, the country's 11th-largest bank, with deposits of 7.66 billion bolivars, or 2.82 percent of total deposits in the banking system, was taken over by Venezuela's banking regulator. It had been told to expand its capital base by 1.5bn bolivars (around $ 350m), and had only raised B100m. At least 12 other banks had been taken over since November 2009 after speculation about bank insolvency.
39:
supporters were in financial trouble after engaging in questionable business practices. Some were seriously undercapitalized, others were apparently lending large sums of money to top executives, and at least one financier couldn't prove where he got the money to buy his banks in the first place." In
52:
had led a group of investors in taking over four banks - Canarias, Confederado, Bolívar and BanPro - together accounting for 5.7 percent of
Venezuela's banking sector. In late 2009 Fernandez was arrested in Venezuela for a variety of charges, including misappropriation of funds, in connection with
60:, upon the arrest of his brother Arné Chacón in relation to a banking corruption scandal. He stated in media interviews, "I called the president and told him that in these conditions I would prefer to resign so that there would be no doubt about our transparency in this investigation".
40:
November and
December 2009 seven banks were taken over, accounting for around 12% of total deposits. In 2010 more banks were taken over. The government arrested at least 16 bankers and issued more than 40 corruption-related arrest warrants for others who had fled the country.
876:
131:
110:
17:
1111:
1646:
1631:
1608:
1711:
1593:
1532:
1495:
1329:
1653:
1192:
1577:
1336:
257:
160:
1444:
1287:
920:
1601:
1518:
1488:
1371:
1364:
1308:
1301:
1169:
858:
1675:
1294:
547:
468:
1481:
1385:
1350:
1207:
1045:
540:
1162:
1075:
824:
816:
35:
when a number of the banks of
Venezuela were taken over by the government, after "the revelation that several banks owned by
1768:
1763:
1510:
779:
1539:
1748:
1743:
1668:
1474:
1126:
993:
743:
230:
913:
525:
1315:
1089:
576:
1503:
1467:
1378:
1280:
250:
1704:
1639:
1343:
1214:
1155:
1008:
68:
49:
1406:
1250:
1243:
1200:
1148:
1082:
680:
1753:
1562:
1554:
1228:
1221:
1141:
1068:
1060:
1052:
1030:
429:
186:
1738:
1733:
1546:
1451:
1257:
935:
698:
1661:
1585:
1357:
840:
243:
832:
1322:
985:
957:
794:
1758:
1697:
1615:
1119:
1022:
623:
64:
1690:
1392:
787:
638:
631:
583:
569:
285:
1622:
1015:
869:
532:
514:
441:
420:
164:
1569:
1399:
943:
555:
460:
452:
364:
148:
8:
1525:
1235:
1133:
1038:
898:
750:
668:
502:
327:
143:
408:
494:
477:
378:
1459:
974:
969:
385:
357:
334:
266:
1419:
1269:
1104:
950:
906:
805:
306:
57:
53:
the takeover due to liquidity problems of the four banks acquired by
Fernandez.
1184:
1096:
1001:
371:
350:
1727:
847:
772:
765:
758:
736:
720:
712:
705:
691:
661:
654:
647:
605:
598:
591:
562:
401:
394:
320:
292:
80:
1176:
927:
728:
299:
222:
126:
105:
1430:
887:
486:
343:
313:
36:
161:"Poder 360° - Page One Daily News - Attorney Accuses Fernandez Barrueco"
63:
Earlier in the year the government had already been forced to take over
56:
The crisis saw the
December 2009 resignation of a government minister,
32:
71:
which saw the latter's ex-president arrested on corruption charges.
278:
235:
67:, as well as encountering a corruption crisis at the state-owned
187:"Key Chavez Minister Resigns Amid Banking Corruption Fallout"
132:
Venezuela Seizes Banco
Federal for ‘Grave’ Weakness (Update2)
584:
Post-Napoleonic Irish grain price and land use shocks
212:
1725:
1712:List of stock market crashes and bear markets
251:
258:
244:
1533:2015–2016 Chinese stock market turbulence
149:Venezuelan banks: Chávez to take control
121:
119:
117:
14:
1726:
1438:Venezuelan banking crisis of 2009–2010
1208:South American economic crisis of 2002
1105:Black Wednesday (1992 Sterling crisis)
184:
18:Venezuelan banking crisis of 2009-2010
1489:2013 Chinese banking liquidity crisis
1445:2010–2014 Portuguese financial crisis
921:Secondary banking crisis of 1973–1975
239:
114:
1519:Russian financial crisis (2014–2016)
1372:2008–2011 Icelandic financial crisis
1365:2008–2009 Ukrainian financial crisis
1330:2000s U.S. housing market correction
1170:1998–2002 Argentine great depression
265:
100:
98:
96:
1676:2023–2024 Egyptian financial crisis
1511:Puerto Rican government-debt crisis
1504:2014–2016 Brazilian economic crisis
877:1963–1965 Indonesian hyperinflation
780:Shanghai rubber stock market crisis
469:Dutch Republic stock market crashes
24:
1482:2012–2013 Cypriot financial crisis
1386:2008–2014 Spanish financial crisis
1358:2008–2009 Russian financial crisis
1351:2008–2009 Belgian financial crisis
1046:1988–1992 Norwegian banking crisis
541:British credit crisis of 1772–1773
185:Morgan, Jeremy (7 December 2009).
25:
1780:
1669:2023 United States banking crisis
1475:2011 Bangladesh share market scam
1163:1998–1999 Ecuador economic crisis
1127:Venezuelan banking crisis of 1994
1053:Japanese asset price bubble crash
994:Souk Al-Manakh stock market crash
744:Australian banking crisis of 1893
548:Dutch Republic financial collapse
231:Venezuelan banking crisis of 1994
93:
526:Amsterdam banking crisis of 1763
215:
1251:2007 Chinese stock bubble crash
577:Danish state bankruptcy of 1813
1632:Chinese property sector crisis
1540:2015–2016 stock market selloff
1468:August 2011 stock markets fall
1379:2008–2011 Irish banking crisis
1076:1990s Swedish financial crisis
825:Weimar Republic hyperinflation
178:
153:
136:
48:In September and October 2009
13:
1:
1705:List of sovereign debt crises
1647:2022 Russian financial crisis
1344:2008 Latvian financial crisis
1337:U.S. bear market of 2007–2009
1215:Stock market downturn of 2002
1156:1998 Russian financial crisis
1009:1983 Israel bank stock crisis
191:Latin American Herald Tribune
86:
69:Banco Industrial de Venezuela
1407:Greek government-debt crisis
1244:2004 Argentine energy crisis
1201:2001 Turkish economic crisis
1090:1990s Armenian energy crisis
1083:1990s Finnish banking crisis
944:1976 British currency crisis
914:1973–1974 stock market crash
7:
1769:2010 disasters in Venezuela
1764:2009 disasters in Venezuela
1563:2017 Sri Lankan fuel crisis
1229:2003 Myanmar banking crisis
1222:2002 Uruguay banking crisis
1142:1997 Asian financial crisis
1069:1991 Indian economic crisis
1061:Rhode Island banking crisis
1031:Cameroonian economic crisis
817:Early Soviet hyperinflation
430:Crisis of the Third Century
208:
10:
1785:
1594:Sri Lankan economic crisis
1452:Energy crisis in Venezuela
1431:2009 Dubai debt standstill
1281:2007–2008 financial crisis
936:Latin American debt crisis
699:Paris Bourse crash of 1882
50:Ricardo Fernández Barrueco
1685:
1662:2022 stock market decline
1654:Pakistani economic crisis
1640:2021–2023 inflation surge
1586:Lebanese liquidity crisis
1555:Venezuelan hyperinflation
1547:Brexit stock market crash
1496:Venezuela economic crisis
1418:
1268:
1258:Zimbabwean hyperinflation
968:
886:
857:
841:Wall Street Crash of 1929
804:
681:2nd Industrial Revolution
679:
615:
515:1st Industrial Revolution
513:
440:
418:
273:
1749:2010 in economic history
1744:2009 in economic history
1323:Subprime mortgage crisis
986:Brazilian hyperinflation
958:Brazilian hyperinflation
795:Financial crisis of 1914
503:Mississippi bubble crash
29:2009–2010 banking crisis
1698:List of economic crises
1616:2020 stock market crash
1609:Financial market impact
1578:Turkish economic crisis
1193:9/11 stock market crash
1149:October 1997 mini-crash
1120:1994 bond market crisis
1112:Yugoslav hyperinflation
1023:Savings and loan crisis
624:European potato failure
74:
65:Stanford Bank Venezuela
43:
1691:List of banking crises
1460:Syrian economic crisis
1393:Blue Monday Crash 2009
1002:Chilean crisis of 1982
833:Shōwa financial crisis
639:Highland Potato Famine
495:South Sea bubble crash
286:Commodity price shocks
1016:Black Saturday (1983)
870:Kennedy Slide of 1962
442:Commercial revolution
1570:Ghana banking crisis
1400:European debt crisis
1185:Dot-com bubble crash
1097:Cuban Special Period
556:Copper Panic of 1789
461:The Great Debasement
453:Great Bullion Famine
1526:2015 Nepal blockade
1236:2000s energy crisis
1134:Mexican peso crisis
1039:Black Monday (1987)
899:1970s energy crisis
859:Post–WWII expansion
533:Bengal bubble crash
328:Financial contagion
144:Buenos Aires Herald
109:, 9 December 2009,
1754:Banks of Venezuela
788:Panic of 1910–1911
632:Great Irish Famine
570:Panic of 1796–1797
409:Stock market crash
1739:2010 in Venezuela
1734:2009 in Venezuela
1721:
1720:
1602:COVID-19 pandemic
487:Tulip mania crash
478:Kipper und Wipper
455:(c. 1400–c. 1500)
16:(Redirected from
1776:
1714:
1707:
1700:
1693:
1678:
1671:
1664:
1657:
1649:
1642:
1635:
1625:
1618:
1611:
1604:
1597:
1589:
1581:
1573:
1565:
1558:
1550:
1542:
1535:
1528:
1521:
1514:
1506:
1499:
1491:
1484:
1477:
1470:
1463:
1455:
1447:
1440:
1433:
1409:
1402:
1395:
1388:
1381:
1374:
1367:
1360:
1353:
1346:
1339:
1332:
1325:
1318:
1311:
1304:
1297:
1290:
1283:
1261:
1253:
1246:
1239:
1231:
1224:
1217:
1210:
1203:
1196:
1188:
1180:
1172:
1165:
1158:
1151:
1144:
1137:
1129:
1122:
1115:
1107:
1100:
1092:
1085:
1078:
1071:
1064:
1056:
1048:
1041:
1034:
1026:
1018:
1011:
1004:
997:
989:
975:Great Regression
970:Great Moderation
961:
953:
946:
939:
931:
923:
916:
909:
902:
879:
872:
850:
843:
836:
828:
820:
797:
790:
783:
775:
768:
761:
754:
746:
739:
732:
724:
716:
708:
701:
694:
672:
664:
657:
650:
641:
634:
627:
608:
601:
594:
587:
579:
572:
565:
558:
551:
543:
536:
528:
506:
498:
490:
482:
472:
464:
456:
433:
411:
404:
397:
388:
381:
374:
367:
360:
358:Liquidity crisis
353:
346:
337:
335:Social contagion
330:
323:
316:
309:
302:
295:
288:
281:
267:Financial crises
260:
253:
246:
237:
236:
225:
220:
219:
218:
202:
201:
199:
197:
182:
176:
175:
173:
172:
163:. Archived from
157:
151:
140:
134:
130:, 14 June 2010,
123:
112:
102:
21:
1784:
1783:
1779:
1778:
1777:
1775:
1774:
1773:
1724:
1723:
1722:
1717:
1710:
1703:
1696:
1689:
1681:
1674:
1667:
1660:
1652:
1645:
1638:
1630:
1621:
1614:
1607:
1600:
1592:
1584:
1576:
1568:
1561:
1553:
1545:
1538:
1531:
1524:
1517:
1509:
1502:
1494:
1487:
1480:
1473:
1466:
1458:
1450:
1443:
1436:
1429:
1422:
1420:Information Age
1414:
1405:
1398:
1391:
1384:
1377:
1370:
1363:
1356:
1349:
1342:
1335:
1328:
1321:
1314:
1307:
1300:
1293:
1286:
1279:
1272:
1270:Great Recession
1264:
1256:
1249:
1242:
1234:
1227:
1220:
1213:
1206:
1199:
1191:
1183:
1175:
1168:
1161:
1154:
1147:
1140:
1132:
1125:
1118:
1110:
1103:
1095:
1088:
1081:
1074:
1067:
1059:
1051:
1044:
1037:
1029:
1021:
1014:
1007:
1000:
992:
984:
977:
973:
964:
956:
951:1979 oil crisis
949:
942:
934:
926:
919:
912:
907:1973 oil crisis
905:
897:
890:
888:Great Inflation
882:
875:
868:
861:
853:
846:
839:
831:
823:
815:
808:
806:Interwar period
800:
793:
786:
778:
771:
764:
757:
749:
742:
735:
727:
719:
711:
704:
697:
690:
683:
675:
667:
660:
653:
646:
637:
630:
622:
611:
604:
597:
590:
582:
575:
568:
561:
554:
546:
539:
531:
524:
517:
509:
501:
493:
485:
475:
467:
459:
451:
444:
436:
428:
414:
407:
400:
393:
384:
377:
370:
363:
356:
349:
342:
333:
326:
319:
312:
307:Currency crisis
305:
298:
291:
284:
277:
269:
264:
221:
216:
214:
211:
206:
205:
195:
193:
183:
179:
170:
168:
159:
158:
154:
141:
137:
124:
115:
103:
94:
89:
77:
46:
23:
22:
15:
12:
11:
5:
1782:
1772:
1771:
1766:
1761:
1759:Banking crises
1756:
1751:
1746:
1741:
1736:
1719:
1718:
1716:
1715:
1708:
1701:
1694:
1686:
1683:
1682:
1680:
1679:
1672:
1665:
1658:
1656:(2022–present)
1650:
1643:
1636:
1634:(2020–present)
1628:
1627:
1626:
1619:
1612:
1598:
1596:(2019–present)
1590:
1588:(2019–present)
1582:
1580:(2018–present)
1574:
1566:
1559:
1551:
1543:
1536:
1529:
1522:
1515:
1507:
1500:
1498:(2013–present)
1492:
1485:
1478:
1471:
1464:
1462:(2011–present)
1456:
1454:(2010–present)
1448:
1441:
1434:
1426:
1424:
1423:(2009–present)
1416:
1415:
1413:
1412:
1411:
1410:
1403:
1396:
1389:
1382:
1375:
1368:
1361:
1354:
1347:
1340:
1333:
1326:
1319:
1312:
1305:
1298:
1291:
1288:September 2008
1276:
1274:
1266:
1265:
1263:
1262:
1260:(2007–present)
1254:
1247:
1240:
1232:
1225:
1218:
1211:
1204:
1197:
1189:
1181:
1173:
1166:
1159:
1152:
1145:
1138:
1130:
1123:
1116:
1108:
1101:
1093:
1086:
1079:
1072:
1065:
1057:
1049:
1042:
1035:
1027:
1019:
1012:
1005:
998:
990:
981:
979:
966:
965:
963:
962:
954:
947:
940:
932:
924:
917:
910:
903:
894:
892:
884:
883:
881:
880:
873:
865:
863:
855:
854:
852:
851:
844:
837:
829:
821:
812:
810:
802:
801:
799:
798:
791:
784:
776:
769:
762:
755:
747:
740:
733:
725:
717:
709:
702:
695:
687:
685:
677:
676:
674:
673:
665:
658:
651:
644:
643:
642:
635:
619:
617:
613:
612:
610:
609:
602:
595:
588:
580:
573:
566:
559:
552:
550:(c. 1780–1795)
544:
537:
529:
521:
519:
511:
510:
508:
507:
499:
491:
483:
473:
471:(c. 1600–1760)
465:
457:
448:
446:
438:
437:
435:
434:
425:
423:
416:
415:
413:
412:
405:
398:
391:
390:
389:
382:
375:
368:
354:
351:Hyperinflation
347:
340:
339:
338:
324:
317:
310:
303:
296:
289:
282:
274:
271:
270:
263:
262:
255:
248:
240:
234:
233:
227:
226:
210:
207:
204:
203:
177:
152:
135:
113:
91:
90:
88:
85:
76:
73:
45:
42:
9:
6:
4:
3:
2:
1781:
1770:
1767:
1765:
1762:
1760:
1757:
1755:
1752:
1750:
1747:
1745:
1742:
1740:
1737:
1735:
1732:
1731:
1729:
1713:
1709:
1706:
1702:
1699:
1695:
1692:
1688:
1687:
1684:
1677:
1673:
1670:
1666:
1663:
1659:
1655:
1651:
1648:
1644:
1641:
1637:
1633:
1629:
1624:
1620:
1617:
1613:
1610:
1606:
1605:
1603:
1599:
1595:
1591:
1587:
1583:
1579:
1575:
1571:
1567:
1564:
1560:
1556:
1552:
1548:
1544:
1541:
1537:
1534:
1530:
1527:
1523:
1520:
1516:
1512:
1508:
1505:
1501:
1497:
1493:
1490:
1486:
1483:
1479:
1476:
1472:
1469:
1465:
1461:
1457:
1453:
1449:
1446:
1442:
1439:
1435:
1432:
1428:
1427:
1425:
1421:
1417:
1408:
1404:
1401:
1397:
1394:
1390:
1387:
1383:
1380:
1376:
1373:
1369:
1366:
1362:
1359:
1355:
1352:
1348:
1345:
1341:
1338:
1334:
1331:
1327:
1324:
1320:
1317:
1313:
1310:
1309:December 2008
1306:
1303:
1302:November 2008
1299:
1296:
1292:
1289:
1285:
1284:
1282:
1278:
1277:
1275:
1271:
1267:
1259:
1255:
1252:
1248:
1245:
1241:
1237:
1233:
1230:
1226:
1223:
1219:
1216:
1212:
1209:
1205:
1202:
1198:
1194:
1190:
1186:
1182:
1178:
1174:
1171:
1167:
1164:
1160:
1157:
1153:
1150:
1146:
1143:
1139:
1135:
1131:
1128:
1124:
1121:
1117:
1113:
1109:
1106:
1102:
1098:
1094:
1091:
1087:
1084:
1080:
1077:
1073:
1070:
1066:
1062:
1058:
1054:
1050:
1047:
1043:
1040:
1036:
1032:
1028:
1024:
1020:
1017:
1013:
1010:
1006:
1003:
999:
995:
991:
987:
983:
982:
980:
976:
971:
967:
959:
955:
952:
948:
945:
941:
937:
933:
929:
925:
922:
918:
915:
911:
908:
904:
900:
896:
895:
893:
889:
885:
878:
874:
871:
867:
866:
864:
860:
856:
849:
848:Panic of 1930
845:
842:
838:
834:
830:
826:
822:
818:
814:
813:
811:
807:
803:
796:
792:
789:
785:
781:
777:
774:
773:Panic of 1907
770:
767:
766:Panic of 1901
763:
760:
759:Panic of 1896
756:
752:
748:
745:
741:
738:
737:Panic of 1893
734:
730:
726:
722:
721:Baring crisis
718:
714:
713:Arendal crash
710:
707:
706:Panic of 1884
703:
700:
696:
693:
692:Panic of 1873
689:
688:
686:
682:
678:
670:
666:
663:
662:Panic of 1866
659:
656:
655:Panic of 1857
652:
649:
648:Panic of 1847
645:
640:
636:
633:
629:
628:
625:
621:
620:
618:
614:
607:
606:Panic of 1837
603:
600:
599:Panic of 1825
596:
593:
592:Panic of 1819
589:
585:
581:
578:
574:
571:
567:
564:
563:Panic of 1792
560:
557:
553:
549:
545:
542:
538:
534:
530:
527:
523:
522:
520:
516:
512:
504:
500:
496:
492:
488:
484:
480:
479:
474:
470:
466:
462:
458:
454:
450:
449:
447:
443:
439:
431:
427:
426:
424:
422:
417:
410:
406:
403:
402:Social crisis
399:
396:
395:Minsky moment
392:
387:
383:
380:
376:
373:
369:
366:
362:
361:
359:
355:
352:
348:
345:
341:
336:
332:
331:
329:
325:
322:
321:Energy crisis
318:
315:
311:
308:
304:
301:
297:
294:
293:Credit crunch
290:
287:
283:
280:
276:
275:
272:
268:
261:
256:
254:
249:
247:
242:
241:
238:
232:
229:
228:
224:
213:
192:
188:
181:
167:on 2011-08-16
166:
162:
156:
150:
146:
145:
139:
133:
129:
128:
122:
120:
118:
111:
108:
107:
101:
99:
97:
92:
84:
82:
81:Banco Federal
79:In June 2010
72:
70:
66:
61:
59:
54:
51:
41:
38:
34:
30:
19:
1437:
1295:October 2008
1177:Samba effect
1033:(1987–2000s)
928:Steel crisis
751:Black Monday
729:Encilhamento
669:Black Friday
476:
432:(235–284 CE)
300:Credit cycle
223:Banks portal
194:. Retrieved
190:
180:
169:. Retrieved
165:the original
155:
142:
138:
127:BusinessWeek
125:
106:BusinessWeek
104:
78:
62:
58:Jesse Chacón
55:
47:
31:occurred in
28:
26:
1572:(2017–2018)
1557:(2016–2022)
1513:(2014–2022)
1273:(2007–2009)
1238:(2003–2008)
1187:(2000–2004)
1136:(1994–1996)
1114:(1992–1994)
1099:(1991–2000)
1063:(1990–1992)
1055:(1990–1992)
1025:(1986–1995)
988:(1982–1994)
978:(1982–2007)
960:(1980–1982)
938:(1975–1982)
930:(1973–1982)
901:(1973–1980)
891:(1973–1982)
862:(1945–1973)
827:(1921–1923)
819:(1917–1924)
809:(1918–1939)
731:(1890–1893)
684:(1870–1914)
626:(1845–1856)
586:(1815–1816)
535:(1769–1784)
518:(1760–1840)
481:(1621–1623)
463:(1544–1551)
445:(1000–1760)
344:Flash crash
314:Debt crisis
37:Hugo Chavez
1728:Categories
365:Accounting
196:8 December
171:2011-10-27
87:References
1623:Recession
616:1840–1870
33:Venezuela
279:Bank run
209:See also
379:Funding
372:Capital
1549:(2016)
1195:(2001)
1179:(1999)
996:(1982)
835:(1927)
782:(1910)
753:(1894)
723:(1890)
715:(1886)
671:(1869)
505:(1720)
497:(1720)
489:(1637)
386:Market
1316:2009
421:1000
419:Pre-
198:2009
75:2010
44:2009
27:The
1730::
189:.
147:,
116:^
95:^
972:/
259:e
252:t
245:v
200:.
174:.
20:)
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