Canadian banks consider climate change a critical issue of our time. However, climate activists lament what they perceive as a lack of action.
While China and Brazil have set up infrastructure for renminbi clearing, Argentina repaid an IMF loan in yuan.
A 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.
The 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.
The 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.
All seven domestically owned Mexican banks in the main Top 1000 ranking saw a double-digit increase in their pre-tax profits.
Three of Colombia’s four largest domestic banks saw a single-digit decrease in Tier 1 capital in 2022.
Brazilian banks maintain their dominance in the region, with challenger bank Nubank making its first appearance in the Top 1000 ranking.
Five Latin American countries are taking steps in the realm of open banking.
The central bank in Brazil is preparing to launch a digital currency at the end of 2024.
Seven years after the Panama Papers, the country is still on Gafilat’s grey list for deficiencies in combatting money laundering.
The Caribbean economies expanded last year on the back of increased revenue in commodity-exporting countries. Most of the biggest lenders in the region improved metrics, such as assets and profits.
A dollar shortage and falling international reserves are highlighting the limits of a very heterodox economic model.
A drop in foreign reserves and fears over devaluation are threatening the Latin American country’s economy, as its third-largest bank faces liquidation.
Bolivia’s central bank president, Edwin Rojas, talks to The Banker about how the bank is tackling a sharp fall in foreign currency reserves.
Uneven development is curbing excitement about the sector in the region.
Can US regional banks put their problems behind them now that First Republic has been bought by JPMorgan Chase?
Fintech’s age of adolescence has arrived. The adult world of JPMorgan beckons. Recent US banking failures have more to do with start-up growing pains than the traditional banking industry.
Costa Rica expects to get off the EU grey list in October, says its finance minister.
The past few years have seen several regulatory changes in a sector that is key to fostering financial inclusion.