Banking: The week in 10 stories


Brazil's GDP expanded 1% in 2017 to 6.6tn reais (US$2.03tn) after contracting 3.5% in 2016 and the same amount in 2015, according to statistics office IBGE.

The volume of loans in the financial system contracted in January despite the country's economic improvement, as companies showed no demand for new loans.

The supreme court approved an agreement signed between banks and their clients, ending a lengthy legal dispute regarding monetary correction of savings accounts, applied during the government's economic stabilization plans in the 1980s and 1990s.


To great applause from the public and private sectors, legislation establishing a much-needed regulatory framework for Mexico's burgeoning fintech industry was passed by 264-61 votes Thursday in the lower house of congress, establishing much-needed rules governing tech firms working with disruptive technologies, including cryptocurrencies, crowdfunding and peer-to-peer financial tools..


Argentina's central bank held the country's key interest rate steady at 27.25% amid signs of rising inflation and following a weakening of the peso.


The CEO of Chilean lender Itaú CorpBanca said its Colombian unit may climb out of the red in 2018 after having posted losses in the country over the past few years.


Chile's banking sector continued to fatten its bottom line in January.

Changes to Chile's pension system proposed by the outgoing government of President Michelle Bachelet would "go in the right direction," the OECD said.


Closing a two-day conference of Caribbean governors and representatives from the Inter-American Development Bank (IDB), regional leaders called for a coordinated approach towards the digital transformation of local economies.


Presidential elections in Venezuela have been postponed by a month to May after a group of opposition parties struck a deal with the government, according to the national election council (CNE).


We found 1255 results for Banking & Technology in Brazil, you might also be interested in: Port in Brazil, or browse through our full index

  • Brazilian lender Banrisul plans job cuts

    Brazilian lender Banrisul will cut up to 600 jobs as part of a voluntary redundancy program. The Rio Grande do Sul state bank is in negotiations with labor union representatives to move ahead with the program, which will focus on...

  • ICT: The week in 10 stories

    PARAGUAY New ICT minister Alejandro Peralta says he aims to connect 5,000 schools to high speed internet before the end of the current five-year presidential term in 2023. Peralta was sworn in on Wednesday after President Mario...

  • Banco do Brasil CEO to step down

    State-run lender Banco do Brasil said CEO Paulo Rogério Caffarelli has presented his resignation. Caffarelli has accepted the offer to become CEO of Brazilian card processor Cielo, which is owned by Banco do Brasil and Banco...

  • Stone Pagamentos raises US$1.15bn from IPO

    Brazilian credit card processor Stone Pagamentos raised US$1.15bn from its IPO on the Nasdaq as strong global investor interest allowed the firm to price its shares above initial estimates. The amount could be increased to US$1.36bn...

  • Google, Visa double down on Brazil startups

    Google and Visa are upping investments in Brazilian startups and technology companies. The internet giant announced a new push for its Google for Entrepreneurs program, which will now be dubbed Google for Startups, coupled with the ...

  • Software firm Linx launches Brazil fintech

    Brazil's biggest retail-focused software company Linx launched a fintech to compete in the fast-growing payments market. The new subsidiary is called Linx Pay Meios de Pagamento. With 30 years in the market, Linx said it would...