Offshore Bank Files For U.S. Bankruptcy Protection

By Catherine Fredenburgh (May 11, 2006, 12:00 AM EDT) -- The liquidator of a Cayman Islands bank has petitioned for U.S. Bankruptcy Court protection, saying the move is necessary in order to continue his investigation into the collapse of the offshore bank and its Dominican Republic-based parent, Banco Nacional de Credito SA, or Bancredito....

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