Venezuela to Rescue Struggling Bank: The government...
- Share via
Venezuela to Rescue Struggling Bank: The government announced a $294-million rescue package for Banco de Venezuela, the nation’s second-largest bank, which the government seized Monday. The struggling institution is the 10th bank that officials have taken over since January in a liquidity crisis that has dogged President Rafael Caldera’s 6-month-old government and exacerbated Venezuela’s already-severe recession. The government also announced at least $253 million in emergency loans to four other banks with liquidity or solvency problems.
More From the Los Angeles Times
Podcasts
The latest effort is coming from the L.A. County Board of Supervisors. They just announced a $3 million program in conjunction with some nonprofits groups to test and clean the soil at homes still standing in the areas impacted by the Eaton Fire.
California once bet big on offshore wind to help power its clean-energy future, but the Trump administration is now paying developers billions to walk away from their projects. As California’s remaining offshore-wind leases hang in the balance, the state is fighting back in court.
The Hillside Strangler murders terrorized Los Angeles in the late 1970s. The killers were a pair of sadistic cousins. One confessed. The other was set to stand trial—until L.A. prosecutors flinched.
