Ecuador: Large retailer seized by government in Banco Territorial closure

• Stores Tosi House, part of the Territorial Bank closed, were operated by the State, as announced by the Superintendent of Banks, Peter Solines. Agency officials came to trust the company that handled incautarla. The liquidator, Carlos Espinosa, is responsible for the seizure. Was guaranteed job security for employees. The retail chain could be sold to competition, however, the Territorial sale fell through, analysts say, because it discredited the entity before the sale. House Tosi works since 1919 and has four locations in Guayaquil and Quito two. Read Article