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REUTERS/Carlos JassoWASHINGTON, Sept 22 (Reuters) - The Inter-American Development Bank's board of directors voted unanimously on Thursday to recommend removing President Mauricio Claver-Carone after an independent ethics investigation found misconduct, three sources familiar with the vote said. Reuters reported on Wednesday that the board was nearing consensus on a vote to fire Claver-Carone. Termination of Claver-Carone, a nominee of former U.S. President Donald Trump, requires a majority of the total voting power of the governing board. The bank's three largest shareholders - the United States, Argentina and Brazil, together hold nearly 53% of the voting power. This had "undermined confidence in Claver-Carone's trustworthiness and ability to lead a rules-based multilateral development institution," the source added.

☆ EXCLUSIVE IDB board sees 'emerging consensus' that Claver-Carone should be removed - source
▼ + stars: | 2022-09-21 | by ( Andrea Shalal | ) www.reuters.com time to read: +3 min

REUTERS/Carlos JassoWASHINGTON, Sept 21 (Reuters) - The Inter-American Development Bank's board of directors is reaching an "emerging consensus" that its president Mauricio Claver-Carone should be removed after an independent ethics investigation, a source familiar with the process told Reuters. read moreRegister now for FREE unlimited access to Reuters.com RegisterA decision by the board of directors could come in "days, not weeks," with the final decision up to the bank's board of governors, the source added. The 14-member board met for a third day about the matter on Wednesday, joined by representatives from all 48 member countries. Claver-Carone and the staffer have both denied the allegations in general terms. The Washington-based IDB is a development bank that, while far smaller than the International Monetary Fund or World Bank, is a major provider of development funding in Latin America.

REUTERS/Carlos JassoMEXICO CITY/WASHINGTON, Sept 20 (Reuters) - An independent investigation found evidence that the Inter-American Development Bank's (IDB) chief, Mauricio Claver-Carone, engaged in an intimate relationship with a staffer, in a review by an outside firm prompted by whistleblower allegations, two sources briefed on the probe told Reuters. The findings of the months-long investigation were presented by legal firm Davis Polk to the bank's directors on Monday. It was solicited by the IDB to investigate allegations leveled against Claver-Carone in a whistleblower email at the end of March. A relationship between Claver-Carone and someone he directly managed at the bank would appear to violate the IDB's ethics code. The staffer, in written testimony submitted to investigators, denied "all allegations that suggest any violation of the staff code" and said she had not received any written notification of any allegations.

Today, there are 56 Hispanic American banks and credit unions that are FDIC or NCUA insured around the US. We selected Hispanic American-owned credit unions from the National Credit Union Administration's list of minority depository institutions which was also updated on June 30, 2022. In our list of Hispanic American-owned banks and credit unions, many of the institutions listed offer customer support in Spanish and English. You can open up savings accounts, checking accounts, CDs, and money market accounts in most of the institutions listed. To help you learn more about a specific Hispanic American-owned bank or credit union, we've included links to reviews of individual institutions.

The bottom line: IDB Global Federal Credit Union could be a good fit if you are an IDB or IDB Invest employee and want to use a Hispanic American-led credit union. Read our review Read Our Review A looong arrow, pointing rightThe IDB Global Federal Credit Union Checking Account is a strong, low-fee checking option. How IDB Global Federal Credit Union worksIDB Global Federal Credit Union is a Hispanic American-led institution with one branch in Washington, DC. How to join IDB Global Federal Credit UnionIDB Global Federal Credit Union is a credit union, not a bank, so only certain people can become members. How IDB Global Federal Credit Union comparesIDB Global Federal Credit Union is the only Hispanic American institution in Washington, DC.

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