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Resource ID: #16491
Subject: Banking
Source: Observer (Dallas)
Affiliation: 
Date: 2000-03-17

Description

The Texas Observer takes a critical look at Carlos Hank Rhon, the Mexican owner of Laredo National Bank, and at how the bank is consistently running into problems. "It is evident that the real action in Washington, where the Federal Reserve Board is attempting to take Laredo National Bank from its owner...Attorneys in the Fed's enforcement division have built a detailed factual case again Hank Rhon, alleging that he played an elaborate shell game with bank share and lied about who owns Laredo National Bank."

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