Latest news with #bancos
Bloomberg
05-07-2025
- Business
- Bloomberg
Mexico to Spin Off Trusts of Intervened Banks CIBanco, Intercam
The Mexican Finance Ministry said it will spin off the trust businesses of two of the banks that it has intervened following US accusations that they are allegedly laundering proceeds from illicit drug trafficking. CIBanco and Intercam Banco 's trust businesses will be temporarily transferred to local development banking units, as a measure to allow the trusts to keep operating, the ministry said in a statement.
Bloomberg
04-07-2025
- Business
- Bloomberg
Portugal Stocks Recover From 2014 Crisis, Helped by Foreign Cash
Portuguese stocks hit a 14-year high, finally recovering from losses that followed the biggest bank failure in the country's modern history. Lisbon's benchmark PSI equity index rose 0.5% to the highest since May 2011. It topped 7,790.56 points in intraday trading for the first time since the collapse of the Espirito Santo banking empire threatened Portugal's reputation among international investors more than a decade ago.
Bloomberg
11-06-2025
- Business
- Bloomberg
Circle Partners With Brazil's Matera on Multi-Currency Payments
Brazilian fintech Matera is partnering with leading stablecoin issuer Circle Internet Group Inc. to allow traditional banks in Brazil to support multi-currency operations. The partnership will leverage Matera's real-time ledger, Digital Twin, to allow banks to hold stablecoin balances directly within their platforms. This will enable Brazilian reais, US dollars and stablecoin USDC to coexist in a single environment, facilitating payments and eliminating the need for a correspondent banking system, which often brings settlement delays and added costs from intermediaries.
Bloomberg
06-06-2025
- Business
- Bloomberg
Finance Chief Signals That Colombia Will Suspend Fiscal Rule
Colombian Finance Minister German Avila signaled that the nation will suspend its fiscal anchor and also called for substantial interest rate cuts. Complying with the fiscal rule, or balanced budget act, 'as if it were a religion' would paralyze the state and the economy, Avila told bankers in a speech in Cartagena.
Bloomberg
30-05-2025
- Business
- Bloomberg
Santander Unseats Barclays as Europe's Biggest Issuer of SRTs
Banco Santander SA surpassed Barclays Plc as Europe's largest issuer of significant risk transfers, according to S&P Global Ratings. In order to come up with a volume estimate for the privately-negotiated deals, S&P used data on the senior portions that banks retain on their balance sheets and disclose in their regulatory filings. These retained tranches typically represent about 80%-95% of the reference portfolio in European SRTs.
