Venezuelan President Nicolás Maduro assured that he instructed Vice President Delcy Rodríguez to authorize credits in foreign currency within public banks.
"I believe that the time has come to give credits in public banks in foreign currencies for productive needs; we give it in petro, a…
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loans
Banks in Europe have supported during the pandemic, but they can end badly
Ten years after emerging from the last global financial crisis, which mainly affected advanced economies, in 2020 the world has once again been plunged into serious economic problems, which have been caused by having to apply confinement…
Finangente… More than a financial institution!
When talking about a financial institution that has everything a person or company looks for in a bank, Finangente stands up. This organization has established itself as a trustful place, not only for making savings deposits and loan…
Bnext settles an alliance with Cacao PayCard to reach Latin America
Mobile payment solutions are the alternative most sought after by customers thanks to the speed, security and trust provided by the various applications currently on the market.
One of the most recent developments in this regard is the…
European banking requests about 15,000 million euros to the ECB
Most of the funds, as every week, have been requested in the twelfth round of long-term financing operations (LTRO) that the ECB announced to respond to liquidity demands from banks until June, such as part of his first response to…
Ursula von der Leyen advances in a recovery plan
The President of the European Commission, Ursula von der Leyen, has shared with the European Parliament the "main characteristics" of the recovery plan that she is designing to relaunch the European economy after the pandemic, which will be…
Google plans to launch credit card in the US
Online payments are becoming more consolidated in the financial market on a global scale= However, it is very important to have a physical credit or debit card to manage the finances of a large number of people around the world
According…
Fintech, insurtech and regtech revolutionize goods and services consumption
The so-called Fourth Industrial Revolution is here. One of its consequences is the emergence of technology companies called fintech that rely on various technologies to offer services and products that were previously offered almost…
People’s Bank of China supports banks credit capacity
The People's Bank of China (BPC), the central bank of the Asian giant, has expressed the need to persevere in the structural adjustment of the economy and improve the lending capacity of commercial banks to the real economy.
In a meeting…
Santander Group sold Puerto Rico subsidiary to FirstBank
Banco Santander has reached an agreement to sell its retail banking subsidiary in Puerto Rico to FirstBank for 1,100 million dollars, almost 1,000 million euros. The sale includes the 27 branches of the bank and some assets worth 6,200…
Tether to launch stablecoin backed by gold and oil
In a recent announcement from the Tether stablecoin platform it was learned that they are working on a USDT version that would be backed by "a basket of commodities such as oil, gold and even rubber."
The news was released by one of the…
ECB focuses on a decentralized financial system
The 25 members of the Governing Council of the European Central Bank will meet in Lithuania next Thursday and will face a difficult dilemma of how to reduce the risks of an economic slowdown and avoid destabilizing side effects in European…