Credit Suisse bans trading of Venezuelan bonds
August 11, 2017
NEW YORK (AP) — Credit Suisse has banned the trading and use of Venezuelan bonds, as the political and financial crisis in the South American country escalates.
The bank will no longer trade, nor accept as collateral, two specific types of Venezuelan securities as well as any bonds the country issued from June 1 going forward, according to a company spokeswoman who was not authorized to give her name. Further, any businesses who wish to do business with Venezuela and deal in any assets there will have to go through additional screening.
The ban comes as the U.S. considers a range of econo...