BBVA Seguros de Vida becomes part of the Scotiabank group, giving the Canadian bank a foothold in Chile's insurance market.
Banking sector watchdog Sbif issues a statement on a non-discrimination pledge and publishes standard methods for estimating business loan loss provisions.
Mexico's next president has made extensive efforts to calm markets, touting fiscal responsibility with his planned social programs; however, banks and rating agencies are expressing doubts on multiple aspects of the early comments.
The Brazilian fintech sector is growing fast and some kind of consolidation is likely to occur in the near future.
The president of the Brazilian branch of the Chicago based firm, Juarez Zortea, says that the Brazilian financial market needs more diversification of players, democratization of offerings, transformation of services and cheaper credit.
Chile's finance minister hailed lower-than-expected inflation in June, while annual inflation slowed in Colombia. The Colombian financial services regulator signed an agreement to promote fintech development in Ibero-America.