Chilean banks, which already were bracing for fallout from political turmoil, are now also having to contend with a global health pandemic that is threatening the country’s economy. Widespread and prolonged social unrest in the latter months of 2019 — spurred initially by a hike in metro fares that subsequently exploded into a constitutional crisis…
Latin American banks are sufficiently capitalized to withstand ongoing turmoil as effects from the financial crisis and the commodity shock bleed into regional economies, provided that these conditions do not extend longer than three months, analysts say. The rapid slowdown in the global economy stemming from the novel coronavirus outbreak is already generating spillover effects…
Just a few weeks ago, 2020 was shaping up to be a banner year for Brazilian initial public offerings. But with fears over the novel coronavirus battering markets across the globe, many of those planned offerings could be delayed or cancelled. Buoyed by a strong market run up, as well as by XP Inc.’s successful…