lafgrp + ph   297

Argentina: QR payments at 160,000 stores enabled in Mercado Libre app
100m downloads already. Will be moving on to Brazil and Mexico also in time
3PW  PH  4LN  999 
june 2018 by lafgrp
CMR Chile merging with Banco Falabella
QUOTE CMR Chile y Banco Falabella unificarán sus operaciones
3PW  PH  4LN 
june 2018 by lafgrp
Chile: Number of credit cards increases by 140k in one year
QUOTE Tarjetas de crédito en Chile aumentaron en 140.000 en un año
3PW  PH  4LN 
june 2018 by lafgrp
ECB has bought €245bn worth of Spanish bonds under QE
QUOTE El BCE acumula casi 245.000 millones en deuda española
3PW  PH  4LN 
june 2018 by lafgrp
Brazil: Santander Brasil targets loans to small businesses
QUOTE Banco Santander Brasil impulsa el crecimiento de pequeños negocios a través del Programa Prospera
3PW  PH  4LN 
june 2018 by lafgrp
Spain/UK: BBVA increases shareholding in Atom Bank to 39 percent
QUOTE BBVA aumenta su participación en el banco móvil británico Atom
3PW  PH  4LN 
june 2018 by lafgrp
Relatively low rate of financial inclusion in Argentina
A contramano de la región, la mitad de los argentinos aún no tiene cuenta bancaria
3PW  PH  4LN 
june 2018 by lafgrp
Argentina: Huge growth in mobile banking
QUOTE La banca móvil superó los 7 millones de usuarios y se elige más en los pagos cotidianos
3PH  PH  4LN 
june 2018 by lafgrp
Brazil: Santander Brasil gains with its ‘Superdigital’ platform
QUOTE Banco Santander Brasil avanza positivamente con del desarrollo de Superdigital, su plataforma de pagos
3PH  PH  4LN 
june 2018 by lafgrp
Spain: Bankia and Credit Agricole form a joint venture to offer consumer credit
QUOTE Bankia y Crédit Agricole crean un joint venture de crédito al consumo
3PH  PH  4LN 
june 2018 by lafgrp
Itau launches new cards app across four LatAm markets
QUOTE Itaú lanza su App Tarjetas y se consolida como banco digital
3PH  PH  4LN 
june 2018 by lafgrp
Trust is the new currency in the surreal Venezuelan economy
QUOTE The only realistic payment method is a debit card linked to a Venezuelan bank account. Hyperinflation is fast turning this into a cash-free economy [but also] seems to have generated an extraordinary amount of trust between ordinary Venezuelans. Most realise that electricity black-outs, internet failures and cash shortages make even the simplest of transactions a headache, and they go easy on each other. A few days ago, a friend persuaded an airline to let him board a plane from Caracas on a promise to pay on arrival.
3PW  PH  4LN 
june 2018 by lafgrp
Mexico: BBVA launches new mobile banking platform
Created by multidisciplinary teams from US, Spain and Mexico
3PW  PH  4LN 
may 2018 by lafgrp
Spain: BBVA launches Valora View
The first app in the European banking sector that allows people to search for accommodation (both to buy and to rent) using augmented reality. (Valora View = 'Worth a view’)
3PW  PH  4LN 
may 2018 by lafgrp
Uruguay: American Airlines on the hunt for new partner bank
for co-branded credit card after ending alliance with Itau
3PW  PH  4LN 
may 2018 by lafgrp
Chile: central bank says that cryptocurrencies are not legal tender or currencies
QUOTE Banco Central advierte que criptomonedas no son divisas en Chile y asegura que tampoco son buen medio de pago
3PW  PH  4LN 
may 2018 by lafgrp
Venezuela: central bank raises credit card credit limits by 400 percent
QUOTE Banco de Venezuela aumenta los límites de sus tarjetas de crédito en más de 400%
3PW  PH  4LN 
may 2018 by lafgrp
News from Latin America & Caribbean
Spain: Head of Bankia believes that Spanish banking landscape will consolidate to six major entities: https://noticiasbancarias.com/bancos/14/05/2018/bankia-cree-que-la-banca-espanola-se-reducira-a-seis-entidades/158487.html

Chile: Santander Chile introduces new co-working spaces: https://noticiasbancarias.com/bancos/14/05/2018/banco-santander-chile-apuesta-por-el-emprendimiento-a-traves-de-su-novedoso-concepto-de-oficinas/158531.html

Mexico: Central Bank confirms cyberattack took place over last few days: https://expansion.mx/economia/2018/05/14/banxico-confirma-ciberataque-y-dice-que-el-monto-esta-por-definirse

Mexico: Hackers steal millions of Pesos in Mexico: https://expansion.mx/empresas/2018/05/14/hackers-roban-millones-de-pesos-en-mexico-a-traves-de-transferencias-bancarias

Argentina: Peso is battered: https://www.ft.com/content/161e9f40-577d-11e8-bdb7-f6677d2e1ce8

Argentina: Increase in credit card APRs: https://losandes.com.ar/article/view?slug=a-partir-de-junio-sera-mas-caro-financiarse-con-tarjetas-de-credito

Argentina: Launch of first digital/VTM branch: https://www.lanacion.com.ar/2131006-el-banco-ciudad-inicia-las-pruebas-de-la-primera-sucursal-digital-bancaria-de-la-region

Chile: New player enters acquiring market: https://www.biobiochile.cl/noticias/economia/negocios-y-empresas/2018/05/14/crece-rival-de-transbank-multicaja-comenzara-a-operar-tarjetas-visa.shtml

Peru: Cencosud sells financial arm in Peru to Scotiabank: http://www.eleconomistaamerica.cl/empresas-eAm-chile/noticias/9131119/05/18/Cencosud-cede-control-de-su-negocio-bancario-en-Peru-a-Scotiabank.html
3PW  PH 
may 2018 by lafgrp
Mexico: Santander adds 800k agents to its banking correspondent network
QUOTE Farmacias Guadalajara se integra a red de corresponsales de Santander
3PW  PH  4LN 
may 2018 by lafgrp
Venezuela: Authorities arrest 11 executives from Banesco, largest privately owned bank
QUOTE Venezuela ordena el arresto de 11 ejecutivos de Banesco, el principal banco privado del país
3PW  PH  4LN 
may 2018 by lafgrp
Colombia: 44 percent of consumers withdraw cash every week
QUOTE Uso de cajeros automáticos en Colombia y el mundo
3PW  PH  4LN 
may 2018 by lafgrp
Colombia: digital operations increase in 2017
QUOTE Operaciones virtuales en los bancos para el 2017
3PW  PH  4LN 
may 2018 by lafgrp
Spain: BBVA offers clients an app that allows clients to monito crops via satellite
QUOTE BBVA ofrece a sus clientes una app de gestión agraria
3PW  PH  4LN 
may 2018 by lafgrp
Brazil: Banco Neon goes into liquidation
QUOTE Banco Neon tem liquidação extrajudicial decretada por “graves violações”
3PW  PH  4LN 
may 2018 by lafgrp
Argentina: new ATM network planned
QUOTE Octagon, la red para cajeros no bancarios que nació en un garaje y se suma a Banelco y Link
3PW  PH  4LN 
may 2018 by lafgrp
Argentina’s ‘shock and awe’ appears to pay off, while Turkey ails
QUOTE One country that continued to worry some investors is Turkey. The country’s woes have been somewhat overshadowed by the Argentine drama, but even as Buenos Aires appeared to steady its ship, Turkey was taking on water.
3PW  PH  4LN 
may 2018 by lafgrp
Peru: bad debt during 2017 was the highest in 12 years
QUOTE El ratio de morosidad cerró en 3,04% y mantuvo su tendencia creciente en línea con el menor dinamismo de la economía, señaló Asbanc. En tanto, los créditos a familias y empresas crecieron 9%
3PW  PH  4LN 
april 2018 by lafgrp
Colombia: Neobank Nequi launches payment platform for entrepreneurs
QUOTE Esta herramienta no tendrá costo por suscripción o costos fijos, pero cobrará una comisión por cada venta.
3PW  PH  4LN 
april 2018 by lafgrp
Brazil: Caixa, Santander, Banco do Brasil most claimed-against banks
A lista é referente ao primeiro trimestre de 2018 e são consideradas as instituições com mais de 4 milhões de clientes
3PW  PH  4LN 
april 2018 by lafgrp
Argentina: 66 percent of clients use digital banking
QUOTE Los bancos fomentan la migración desde las sucursales a las computadoras y los smartphones, con mejores plataformas web y aplicaciones más eficientes
3PW  PH  4LN 
april 2018 by lafgrp
Peru: huge growth in BBVA driven by retail
QUOTE Negocio ‘retail’ del banco habría crecido a doble dígito en el primer trimestre. Apuesta digital y por la selección incidió en los resultados
3PW  PH  4LN 
april 2018 by lafgrp
Brazil: Santander backs microfinance to support entrepreneurship
QUOTE La presidenta de Banco Santander, Ana Botín, ha presentado un balance de la estrategia de micro financiación de su filial en Brasil. Para la ejecutiva, el apoyo al emprendimiento en países en vías de desarrollo “es clave para el crecimiento económico en muchos sentidos, sobre todo para crear empleo”.
3PW  PH  4LN 
april 2018 by lafgrp
Spain: Santander introducing coworking branches
QUOTE El reciente cambio de imagen de Banco Santander ha traído consigo una serie de estrategias para fortalecer el lazo con sus clientes. En este sentido, la entidad que preside Ana Botín ha iniciado un proceso de transformación en sus oficinas, habilitando espacios de ‘coworking‘ y emprendimiento para clientes y no clientes de la entidad.
3PW  PH  4LN 
april 2018 by lafgrp
Chile: Caen compras con tarjetas bancarias extranjeras ante baja de turistas argentinos
Decrease in acquired foreign credit card transactions due to fewer Argentineans travelling to Chile
3PW  PH  4LN 
april 2018 by lafgrp
Venezuela apuesta a monedas comunales para combatir la hiperinflación
Community currencies springing up in Venezuela as a means to counter hyperinflation in LCUs
3PW  PH  4LN 
april 2018 by lafgrp
Venezuela: Tarjetas de crédito pulverizadas ante la “hiperinflación”
Hyperinflation in Venezuela means that credit cards are of little utility, as credit limits are lower than the prices of basic items
3PW  PH  4LN 
april 2018 by lafgrp
Argentina: Siguen los aumentos: las comisiones de bancos serán de hasta un 60% más | Perfil.com
Increase in all types of banking fees, including card fees, begin in April
3PW  PH  4LN 
april 2018 by lafgrp
Mexico: Clonan tarjetas bancarias de ayuda para damnificados
Cards handed out by Mexican Government following earthquakes were used to commit fraud
3PW  PH  4LN 
april 2018 by lafgrp
Mexico: Créditos bancarios: cada vez más caros y más difíciles de pagar
Increase in interest rates in Mexico is making credit more expensive for consumers
3PW  PH  4LN 
april 2018 by lafgrp
Lessons from the Latvia fiasco
Patrick Houlihan QUOTE One upshot of this scandal is that the ECB may be forced to take a more hands-on approach to AML/KYC controls in member states. A second lesson to be learnt is that this is the second time in five years that a new member of the EU has been embroiled in a financial scandal."
1PW  TM  PH 
april 2018 by lafgrp
Lafferty News: War on Cash debate
PH: This whole so-called 'war on cash', is because the authorities are losing control. People are beginning to hoard cash as deflation sets in....QE and the rest isn't just an enormous mistake, it is a crime. But Central Bankers aren't able to admit this, so they are doubling down. They have now doubled down several times, and they will do so another several times. At some point in the future, the banking system will implode and the consequences will be far-reaching.

SN: The agenda to eliminate cash is backed by rather nefarious designs in developed markets. In emerging markets, eliminating cash or at least ensuring new wealth creation is not dependent on cash, is a basic economic necessity because it makes sense.
1PW  RL  DH  FK  PH  SN  RBI 
september 2016 by lafgrp
Dropbox hack leads to dumping of 68m user passwords on the internet
QUOTE original breach appears to be the result of the reuse of a password a Dropbox employee had previously used on LinkedIn, the professional social network that suffered a breach that revealed the password and allowed the hackers to enter Dropbox’s corporate network. From there they gained access to the user database
3PW  PH  CPMI  CCI  NA 
august 2016 by lafgrp
Deutsche Bank explored merger with Commerzbank
QUOTE The German magazine said the merger talks were only theoretical and at a very early stage. It was unclear whether the discussions will be resumed. The publication also said the bank was considering other options to bolster profitability, including a possible reintegration of its Postbank branches that were put up for sale. Deutsche Bank has recently struggled to stay profitable, reporting a 98% slide in profits in the second quarter, hurt by a weak performance in its trading and investment banking units.
3PW  PH  RBI  CPMI  EUR 
august 2016 by lafgrp
CEO Shoots Down Merger Report as Deutsche Bank Seeks to Shrink
German magazine QUOTE reports [that] Deutsche Bank’s considerations were “only of a theoretical nature” and at a very early stage.
3PW  PH  RBI  CPMI  EUR 
august 2016 by lafgrp
NatWest and RBS may charge firms to hold deposits
"Some of the banks have flown a kite re introducing negative deposit rates for business accounts. This is a sign of how hard pressed the retail banks are (declining revenue and collapsing profits), but of course this would have a major negative knock-on effect on SMEs in the UK, which would negatively impact economic growth."
-PH
3PW  PH  RBI  UK 
august 2016 by lafgrp
EU Banks Need $166 Billion - Deutsche Bank Economist
QUOTE Europe needs the bailout fund to recapitalize its banks. David Folkerts-Landau told Welt Europe was "extremely sick"
3PW  PH  RBI  EUR 
july 2016 by lafgrp
Italy's bad loan woes tiny compared to derivatives problems elsewhere -Renzi
He has essentially threatened to bring Deutsche Bank down if the European authorities don’t allow him to bail-out the Italian banks (as opposed to bail-in). DB has a total gross notional derivative exposure of approx. €50 trillion. Net exposure is much smaller, but it would be impossible to net it out as the counterparty chain would collapse in short order (which would mean that the entire financial system would implode in a very short period of time, probably less than a day). In other words, this is a game of poker with huge stakes, and with both players bluffing.
-PH
3PW  PH  RBI  EUR 
july 2016 by lafgrp
Vietnamese bank foils $1m cyber heist
QUOTE Tien Phong Bank says it spotted the fraud on the Swift messaging system quickly enough to prevent Bangladesh-style theft
3PW  PH  RBI  CPMI  AP  CCI 
may 2016 by lafgrp
Inside the Risky, Jet-Setting World of Credit-Card Churning
QUOTE The problem for banks isn’t so much the size of the churning community, but the size of the rewards they're offering these days, Niestat says. As the incentive programs get richer, banks are getting warier of wasting them on “someone who has no intention to be a long-term customer with you.”
3PW  PH  CPMI  MSI  NA 
april 2016 by lafgrp
FMA: FMA issues the framework for the resolution of Heta
QUOTE The most significant measures are:
• a 100% bail-in for all subordinated liabilities,
• a 53.98% bail-in, resulting in a 46.02% quota, for all eligible preferential liabilities,
• the cancellation of all interest payments from 01.03.2015, when HETA was placed into resolution pursuant to BaSAG,
• as well as a harmonisation of the maturities of all eligible liabilities to 31.12.2023.
3PW  PH  RBI  EUR 
april 2016 by lafgrp
Heta Creditors Hold Carinthia Talks as Regulator Cuts Debt - Bloomberg
QUOTE Investors appear split over below-par debt deal on bad bank. In EU first, Austria uses law intended to end taxpayer rescues
3PW  PH  RBI  EUR 
april 2016 by lafgrp
A typo stopped hackers siphoning nearly $1bn out of Bangladesh
QUOTE The attack happened about a month ago but only emerged this week. Bangladesh’s government reportedly blames the New York Federal Reserve Bank for not spotting the suspicious transactions earlier. While the Fed did alert Bangladesh to the unusual amount of transaction requests, it confirmed that its own system had not been breached.
3PW  PH  CPMI  CCI  AP  NA 
march 2016 by lafgrp
HSBC Going Solo in China Credit Cards Boosts Expansion Plan
QUOTE Bank has ended card venture with Bocom, Asia head says. HSBC would be just one of three foreign card issuers in China
3PW  PH  CPMI  MSI  AP 
march 2016 by lafgrp
Metro Bank to pursue stock market listing in February | Business | The Guardian
QUOTE loss-making challenger to the UK’s established high street institutions, is pressing ahead with plans for a stock market listing next month that is expected to value the company at nearly £2bn.
3PW  PH  RBI  UK 
january 2016 by lafgrp
Visa Europe Revenue Rises to Record Ahead of Sale to U.S. Parent - Bloomberg Business
QUOTE Payments network's revenue jumps 25% to 2.31 billion euros. Contactless transactions climb to 1.7 billion for the year
3PW  PH  RBI  UK 
january 2016 by lafgrp
Andrew Bailey to lead FCA
George Osborne QUOTE Delighted to announce Andrew Bailey will lead @TheFCA. He was the most respected and qualified candidate for this crucial job
3PW  PH  RBI  UK 
january 2016 by lafgrp
China's central bank plans to launch its own digital currencies | Reuters
QUOTE to cut the costs of circulating traditional paper money and boost policymakers' control of money supply, the People's Bank of China (PBOC) said on Wednesday....Virtual currencies can also help boost transparency of economic activities and curb money laundering and tax evasions, it added.
3PW  PH  CPMI  AP 
january 2016 by lafgrp
ANX Rolls Out Bitcoin Debit Card
QUOTE major step towards solving the issue of usability for the digital currency. It requires no effort on the merchant side to accept bitcoin since there’s no POS hardware needed.
3PW  PH  CPMI  AP  999 
january 2016 by lafgrp
So you think you’re safe doing internet banking?
QUOTE Britain’s leading expert on cyber security refuses to bank online

QUOTE Last month RBS revealed that between January and September this year almost 5,000 customers fell victim to scams – at a cost of more than £25m. The bank says the average loss was £13,000, and warned that 70% of its customers who are scammed do not get a single penny back.
3PW  PH  RBI  UK 
january 2016 by lafgrp
Paschi, UniCredit Among Banks Pressed for Loan Data by ECB - Bloomberg Business
QUOTE ECB review also involves Banco Popolare, Pop. Milano, Carige. Country's bad loans reached €201 billion in November
3PW  PH  RBI  EUR 
january 2016 by lafgrp
Credit Agricole Plans to Sell Bank Stakes in $19 Billion Deal - Bloomberg Business
QUOTE Deal with regional banks said to be valued at $19 billion
Regional lender said to purchase back 25 percent stakes
3PW  PH  RBI  EUR 
january 2016 by lafgrp
Interest Rates from Federal Reserve Keeps Shale Gas Fracking Bubble Afloat | Global Research
Picking up point made by PH in mtg 4JAN15

QUOTE quantitative easing...helps drilling companies finance fracking an increasingly massive number of wells
3PW  PH  RBI  NA 
january 2016 by lafgrp
UnionPay New Mobile Payment Service Targets NFC POS
UnionPay QUOTE joined with more than 20 lenders to introduce a new [NFC] mobile payment service in a bid to win back market share from third-party payment leader [at 83%]...Alipay [and Tenpay at 10%]
3PW  PH  CPMI  MSI  AP 
december 2015 by lafgrp
RBS Said to Consider Sale of Irish Ulster Bank Within Two Years - Bloomberg Business
QUOTE last year scrapped plans to sell the division after injecting 15.3 billion pounds ($23 billion) during the financial crisis
3PW  PH  RBI  EUR  UK 
december 2015 by lafgrp
AIB Seeks $872 Million From Citigroup in Rogue Trader Clash - Bloomberg Business
QUOTE Irish lender says Citigroup helped [rogue AIB currency trader] John Rusnak hide losses. Rusnak pleaded guilty to defrauding AIB subsidiary in 2002
3PW  PH  RBI  EUR  NA 
november 2015 by lafgrp
Swatch to Start Selling Mobile Payment Watch in U.S. in 2016 - Bloomberg Business
QUOTE to be sold in Switzerland, Brazil after Visa alliance. Bellamy timepiece works similar to contactless bank cards
3PW  PH  CPMI  EUR  NA 
november 2015 by lafgrp
Expobank to Buy RBS's Russian Assets as Foreign Banks Retreat - Bloomberg Business
QUOTE Deutsche Bank, BNP Paribas have been cutting Russia investment. RBS business had 28 billion rubles in assets on Nov. 1
3PW  PH  RBI  EUR 
november 2015 by lafgrp
Banking facing 'Uber moment', says former Barclays boss | Business | The Guardian
QUOTE Apps and online banking could prompt hundreds of branches to close and shed up to 66,000 jobs over a decade, predicts former Barclays boss Antony Jenkins.
3PW  PH  RBI  UK  TLR-RK 
november 2015 by lafgrp
General Atlantic, Warburg Acquire Stake in Network International - Bloomberg Business
QUOTE U.S. private equity firms take 49 percent of payments company. Network International targeting further expansion in MENA
3PW  PH  CPMI  ME  AF 
november 2015 by lafgrp
`Tremendous Pressure' Seen Prompting Spanish Bank Merger Round - Bloomberg Business
QUOTE Court decision on mortgage floors seen triggering mergers
BBVA chairman says will play `relevant' role in consolidation
3PW  PH  RBI  EUR 
november 2015 by lafgrp
Citigroup to exit Brazil card venture [Elavon do Brasil], sources say | Reuters
Reportedly QUOTE Brazil's central bank said the joint venture needed more cash and the U.S. bank declined to come up with any additional funds
3PW  PH  CPMI  MSI  LA  NA 
november 2015 by lafgrp
HBOS report expected to put fresh scrutiny on former bosses | Business | The Guardian
QUOTE The commission report also pointed to regulatory failures: “From 2004 to the later part of 2007 the FSA was not so much the dog that did not bark as a dog barking up the wrong tree.”
3PW  DC  PH  RBI  UK  EUR 
november 2015 by lafgrp
Standard Chartered's Unraveling India Bet Means More Pain Ahead - Bloomberg Business
QUOTE About $5 billion of India loans on internal watch list. Bad-loan ratio second highest among top 50 India banks
3PW  PH  RBI  UK  AP 
november 2015 by lafgrp
China's yuan takes leap toward joining IMF currency basket | Reuters
QUOTE China has rolled out a flurry of reforms recently to liberalize its markets and also help the yuan meet the IMF's checklist, including scrapping a ceiling on deposit rates, issuing three-month Treasury bills weekly and improving the transparency of Chinese data.
3PW  PH  RBI  AP 
november 2015 by lafgrp
Greece stand-off with EU lenders [on repossession policies] delays €2bn bailout payment
QUOTE need to reach a deal has an added urgency because it is tied to the release of an already approved €10bn in aid earmarked for recapitalising Greece’s banks, a process that must be completed by next month or depositors would be at risk of having their accounts seized to help pay for the bank rescue.
3PW  PH  RBI  EUR 
november 2015 by lafgrp
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