The prices of goods have been gradually increasing in the Afghan capital, Kabul, whose banks have been closed since the arrival of the Taliban group last week.
According to information from the Afghan media, both banking institutions and the main currency exchange market, Sarai Shahzada, have not…
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banks
Citigroup will sell its operations in Venezuela to BNC
Citigroup Inc. reported on Monday, July 12, that it will sell its operations in Venezuela to Banco Nacional de Crédito (BNC), ending more than a century of operations in the country.
The institution has already obtained the necessary…
FinCEN works on cryptocurrencies regulation
Financial Crimes Enforcement Network (FinCEN) established that transactions carried out with cryptocurrencies will be a national priority in order to prevent and neutralize the financing of terrorism and money laundering. In this…
BBVA Switzerland activates the purchase and sale of bitcoins for its clients
The BBVA institution announced that from now on its clients will be able to purchase cryptocurrency custody and purchase services, specifically bitcoin.
The bank, which has been working on this initiative for more than two years, launched…
BBVA completed the sale of its US subsidiary
BBVA completed the sale of its subsidiary in the United States to PNC for 11,500 million dollars, after having obtained the necessary regulatory authorizations, as reported to the National Securities Market Commission (CNMV).
The results…
Bancamiga, first bank with C2P at the point of sale
The institution takes a step forward to facilitate financial transactions digitally and adds Digitel to the range of possibilities it offers to its customers in its 65,000 POS, which already included Movistar and Inter recharging and…
Visa partners with digital company to allow buying bitcoin
The giant of electronic payments, Visa, has announced the ties of cooperation with the digital neobank First Boulevard with the aim of testing an API, which means an application programming interface.
The proposal will allow clients and…
Spanish BBVA announces the sale of its US subsidiary.
The BBVA group announced the sale of its subsidiary in the United States to PNC for a price of approximately 11.6 billion dollars in cash, according to the Spanish institution.
The price of the operation represents 19.7 times the result…
Moody’s: Additional reserves due to the pandemic reduce profitability of Latin American banks
The creation of additional reserves due to the coronavirus pandemic and macroeconomic forecasts reduced the profitability of financial entities in Latin America, according to a report prepared by the rating agency Moody's.
The text…
Colombian banks rule out local liquidity problems
This Wednesday the manager of the Bank of the Republic of Colombia, Juan José Echavarría, indicated that in the South American country they ruled out local liquidity problems in the next two months due to the supply of resources released by…
Wells Fargo invests USD $ 5 Million to connect banks with exchanges
The investment division of the third largest bank in the US, Wells Fargo, invested USD $ 5 million in Series B of Elliptic, the startup specializing in connecting banks with exchanges, who promotes its services through the Elliptic…
WeFintech Network brings together fintech women leaders in Latin America
It is a fact that the number of women leading Fintech companies currently reaches one third compared to the male spectrum. Although the percentage of female empowerment continues to grow, there is still a long way to go.
An encouraging…