VENEZUELA: Chavez Takes Over 4 Private Banks.

REUTERS/
Four private banks were shut down a day after President Hugo Chavez warned he would nationalize any financial institutions that failed to help national development. The banks held just 6 percent of Venezuela's deposits.
RBS analyst Boris Segura said that there could be more "cleaning up" of institutions. "What we might be seeing is a nationalization of the system little-by-little,"he said.