Latest news with #bancos
Bloomberg
11-06-2025
- Business
- Bloomberg
Circle Partners With Brazil's Matera on Multi-Currency Payments
Brazilian fintech Matera is partnering with leading stablecoin issuer Circle Internet Group Inc. to allow traditional banks in Brazil to support multi-currency operations. The partnership will leverage Matera's real-time ledger, Digital Twin, to allow banks to hold stablecoin balances directly within their platforms. This will enable Brazilian reais, US dollars and stablecoin USDC to coexist in a single environment, facilitating payments and eliminating the need for a correspondent banking system, which often brings settlement delays and added costs from intermediaries.
Bloomberg
06-06-2025
- Business
- Bloomberg
Finance Chief Signals That Colombia Will Suspend Fiscal Rule
Colombian Finance Minister German Avila signaled that the nation will suspend its fiscal anchor and also called for substantial interest rate cuts. Complying with the fiscal rule, or balanced budget act, 'as if it were a religion' would paralyze the state and the economy, Avila told bankers in a speech in Cartagena.
Bloomberg
30-05-2025
- Business
- Bloomberg
Santander Unseats Barclays as Europe's Biggest Issuer of SRTs
Banco Santander SA surpassed Barclays Plc as Europe's largest issuer of significant risk transfers, according to S&P Global Ratings. In order to come up with a volume estimate for the privately-negotiated deals, S&P used data on the senior portions that banks retain on their balance sheets and disclose in their regulatory filings. These retained tranches typically represent about 80%-95% of the reference portfolio in European SRTs.
Bloomberg
26-05-2025
- Business
- Bloomberg
CaixaBank Pushes Back on Opposition to Spanish Banks in Portugal
The head of CaixaBank SA 's Portuguese unit sought to refute criticism that Spanish banks have too much influence in the country, saying their investment was vital in strengthening Portugal's finance industry when others pulled back. 'I think consolidation is a European goal,' Banco BPI Chief Executive Officer Joao Pedro Oliveira e Costa said at a conference in Lisbon. 'We need to focus more on what unites us than what separates us.'
Bloomberg
22-05-2025
- Business
- Bloomberg
Portugal Opposes Further Increase in Spanish Banks' Presence
Portugal's government said Spanish banks shouldn't further increase their presence in the Portuguese market. Spanish lenders now represent about a third of Portugal's banking market, Finance Minister Joaquim Miranda Sarmento said in an interview with television channel RTP3 on Wednesday night. 'I think that value shouldn't increase, due to a matter of concentration and of dependency.'
