Guatemala Suspends Banco De Comercio

Guatemala has suspended the operations of Banco de Comercio, after it overextended its loan portfolio and asked the Central Bank to intervene, according to a report by Reuters. It will be the second bank to go under in the country in the past few months. Apparently, Guatemala’s banking superintendent insisted the problems did not affect the rest of the banking system and were confined to Banco de Comercio. In September the country’s fourth-largest bank, Bancafe, collapsed because of liquidity problems.