Privatization

Posted on July 16, 2018 By

On July 12, 1991, the Bank of Santa Fe Provincial became a limited company with the majority state-owned provincial, and change its name to Bank of Santa Fe SAPEM.
The process is highly controversial and stocks more than 5 years were needed for the privatization law to be successful vote, the bank was finally privatized as new Bank of Santa Fe asset Management SA in 1997, and remained under the control of Banco General de Negocios (BGN), a financial group with the participation of Ernst leading international banks (Chase Manhattan Bank, Dresdner Bank and Credit Suisse), managed by the brothers Carlos and Jose Rohm (This was the last president of NBSF).
The Rohm were charged with money laundering in 2002, so that Carlos was arrested when he tried to flee the country, while his brother managed to escape.

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New York Post
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Asia Times
At the end of the 1970s into the 1980s, the British Conservative Prime Minister Margaret Thatcher and the City of London, the financial interests that supported its wholesale introduced measures privatization, state cuts, moves against labor and deregulation of financial markets. 1965 Chase Manhattan Bank Nest Egg Shackled Man Eagle Print Ad

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