U.S. representatives of foreign banks have been whining lately about the chilling effect on regulators of the BCCI scandal, which they say is delaying approval for various projects they are planning.

The latest victim: a consortium of Venezuelan banks and holding companies that withdrew an application in late November from the Federal Reserve Bank of Atlanta to acquire Eagle National Bank of Miami.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.