How Brazil’s banks plan to save the Amazon
Manaus, the capital of and largest city in the state of Amazonas, Brazil.Source: Adirana Fuchter/Moments via Getty Images If clients won’t go to the branches, then the branches must go…
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Fintechs, big banks on a quest for digital clients in Brazil
Both traditional banks and financial technology firms have benefited from a surge in digital account openings during the COVID-19 pandemic, though questions remain on how some of these companies can monetize…
LatAm expected to reach pre-COVID GDP no sooner than 2023
Prospects of a rapid economic recovery in Latin America have evaporated as the region grapples with the full impact of the coronavirus crisis. A slow transition back to normal activity…
Itaú CEO sees room for cost cutting after COVID-19 efficiency lessons
The coronavirus lockdown has been an efficiency crash course for heavyweight banks in Brazil. Itaú Unibanco Holding SA, which shifted 95% of its headquarters, customer service and digital agency personnel…
Copper, coronavirus and a constitutional crisis: Chile’s banks under pressure
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…
LatAm banks could see coronavirus crisis crunch in 3 months
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…
Coronavirus rattles markets, threatening Brazil’s expected IPO surge
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…
Chile’s sovereign debt risks losing top spot as LatAm’s safest bet
A month and a half into the Chilean protests that have spurred senior government resignations and a revamp of the country’s constitution, Chile is on the brink of losing its…