Banking: The week in 10 stories

By
Friday, September 7, 2018

Brazil's front running presidential candidate Jair Bolsonaro was stabbed in the abdomen during a campaign rally in Minas Gerais state.

Itaú Unibanco will buy a stake of 11% in benefits provider Ticket Serviços in order to enter the benefits market and broaden the range of services offered to its corporate banking customers.

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Brazilian credit bureau Boa Vista SCPC is investigating a possible leak of millions of items of personal data.

MEXICO

Mexico's commercial banking sector reported a total loan book of 4.96tn pesos (US$261bn) at the end of July, an inflation adjusted increase of 5.6% compared to July 2017.

Economy minister Ildefonso Guajardo confirmed Mexico had obtained a so-called side agreement to the US-Mexico trade agreement announced last week that will ensure the country would be protected from US "national security" tariffs of up to 30%.

ARGENTINA

Argentina hopes the IMF board will vote this month on a request to speed up disbursements of funds from a US$50bn standby credit line.

Capital Economics said it believes the problems that Argentina is currently experiencing will lead to a recession both this year and next, with GDP contracting 4% in 2018 and 2% in 2019.

Wilobank in Argentina has signed up 13,500 customers since opening its doors at the end of June - and 46% of them are newcomers to the banking system, the lender said.

VENEZUELA

Venezuela has issued new reserves rules for the country's banks.

REGIONAL

Latin America faces four key development challenges, according to regional development bank CAF.