8 Venezuelan Industries Hugo Chavez Nationalized (Besides ...
Jan 10, 2020· 3. Banking. Banco Federal, founded in 1982, was Venezuela''s 11th largest bank when Chávez ordered it seized in June 2010, citing liquidity Federal was one of no fewer than a dozen banks Venezuela closed following his billion purchase of the Banco de Venezuela, an agreement he reached in an effort to nationalize Venezuela''s finance industry.