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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Posted By Global Banking and Finance Review

    Posted on June 25, 2025

    Featured image for article about Headlines

    GUAYAQUIL (Reuters) -Ecuador's most-wanted fugitive, the leader of the Los Choneros criminal group, has been recaptured after escaping jail last year, President Daniel Noboa said on Wednesday.

    Jose Adolfo Macias, known as "Fito," disappeared from the Guayaquil prison where he was being held in January 2024, amid an explosion of violence including the on-air invasion of a television station by armed men and the hostage-taking of more than 200 prison officials.

    "My recognition to our police and military who participated in this operation. More will fall, we will reclaim the country. No truce," said Noboa, whose government had offered a reward of $1 million for information leading to Macias' capture, on X.

    Noboa said Ecuador had requested Macias be extradited to the U.S., where he is set to face international drug and gun charges in a federal court in New York.

    Macias was sentenced in 2011 to 34 years in prison for various crimes including drug trafficking and murder.

    The United States imposed sanctions on Los Choneros last year, saying they have been involved in drug trafficking since the 1990s and accusing the group of being a key driver of escalating violence in the country since 2020, including within overcrowded prisons.

    (Reporting by Yury Garcia; Editing by Kylie Madry)

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