Americas - Banking and finance in North America, South America & Central America -

Latest articles from Americas

Bermuda opens up to foreigners

June 2, 2004

Bermuda is relaxing its rules on foreign ownership of banks, witnessed by HSBC’s recent acquisition of Bank of Bermuda. Mairi Mallon reports on changing times.
Walking into one of the two main banks in Bermuda is like going back in time to England in the 1970s. The doorman knows many customers by name and long queues form every Friday as customers deposit their weekly pay cheques.

Can-do attitude

June 2, 2004

Luiz Fernando Furlan, Brazil’s minister of state for development, industry and foreign trade, tells Brian Caplen that his country’s approach to trade is positive.

Chase is on for the whole enchilada

June 2, 2004

Mexico’s prospects look bright but, as Monica Campbell reports, politicians are resentful that the dominant – and prosperous – foreign banks are not doing enough to help the local population.

Does Iraq herald America’s last stand?

June 2, 2004

While the US gets further embroiled in Iraq, economies such as China and Brazil are starting to assert themselves.

America for sale

June 2, 2004

European banks are rushing to buy American banks, but will they make money? Or will it all end in tears, as it did the last time they tried in the 1980s.

Investors search for stability overseas

May 3, 2004

Local asset managers in Argentina may be suffering but foreign firms are benefiting. Jason Mitchell reports from Buenos Aires.

Exports key for lifting economy

May 3, 2004

Bolivia is anxious to capitalise on its resources but political unrest is making this difficult.
Bolivia’s new finance minister, Javier Cuevas, faces a tough task. He has to steer the poor, landlocked country’s economy amid an intense period of political uncertainty.

Mexico looks for more global trade

May 3, 2004

Mexico’s economy has turned a corner, says finance minister Francisco Gil Díaz. However, much still depends on its giant neighbour, the US.
After several years of economic stagnation, Mexico appears to be turning a corner. The manufacturing industry, led by the maquiladora (in-bond assembly for export) sector, is hiring again. Exports earnings, including those generated by the crucial oil sector, are also up – no small thing, considering exports make up about 25% of Mexico’s economic activity. Interest rates are also trending down and inflation is under control.

Catching the eye of the investor

May 3, 2004

Nicaragua’s central bank president, Mario Alonso, says that the HIPC debt relief will enable his country to tackle poverty and push for economic and judicial reform.

US economic recovery feeds through to banks’ Q1 results

May 3, 2004

US banks reported strong first quarter results on the back of a solidifying economic recovery, demand for banking products and improved asset quality. Here are the highlights of some of the top banks: