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  • Joaquim Levy confirmed as new BNDES head

    World Bank CFO Joaquim Levy (pictured) will become the new president of Brazil's state-run development bank BNDES. His appointment was made by Paulo Guedes, who will become the country's new finance minister when Jair Bolsonaro...

  • Chilean bank hit by cyberattack

    Chilean lender Banco Consorcio said on Thursday that it has lost just under US$2mn in a cyberattack earlier this week. In a statement posted on Twitter, the bank said criminals had tampered with its international transfers on...

  • Banco do Brasil posts higher Q3 profits

    State-run bank Banco do Brasil reported an earnings rise of 11.8% in the third quarter as lower provision expenses compensated for a tepid expansion in lending. Net income was 3.17bn reais (US$846mn), up from 2.84bn in 3Q18, the...

  • 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...

  • Remittances to Mexico hit new record

    Remittances to Mexico for the month of September were up 8.8% year-on-year to US$2.71bn, according to the central bank, the highest level for that month for any year on record. Cumulative remittances from January to September stood ...