An in-house, legacy-free system developed by a US bank lets clients open accounts in days rather than weeks.
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Latest articles from Americas
US banks face stricter rules with Basel III
July 26, 2023The Fed’s Basel III endgame could increase banks’ capital for trading by 60%.
Instant payments expands in the US with FedNow
July 21, 2023Hopes for the launch of real-time payments system, FedNow, in the US are high; however, expectations are more cautious.
Financial co-operatives stay strong in Brazil
July 18, 2023Total assets for the country’s financial co-operative sector reported 28.6% growth last year.
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Wildfires raise questions about fossil fuel investments by Canadian banks
July 14, 2023Canadian banks consider climate change a critical issue of our time. However, climate activists lament what they perceive as a lack of action.
Brazilian bank profits could rise as yuan gains traction
July 14, 2023While China and Brazil have set up infrastructure for renminbi clearing, Argentina repaid an IMF loan in yuan.
Bank of Montreal tops the performance table
July 5, 2023A big shake-up occurred in the Canadian banking sector in 2022, with TD overtaking RBC as the biggest bank by Tier 1. However, it is BMO that comes up trumps in performance.
BofA’s performance surpasses peers
July 5, 2023The majority of US banks in the Top 1000 ranking have boosted both core capital and total assets. However, profits dipped for more than half of the lenders.
Banco do Brasil bests its peers in performance
July 5, 2023The state-owned bank saw a 70% surge in pre-tax profits in 2022. More generally, Brazilian banks have benefited from a strong export performance and rising interest rates.
Inbursa outperforms Mexican peers for third year
July 5, 2023All seven domestically owned Mexican banks in the main Top 1000 ranking saw a double-digit increase in their pre-tax profits.