Citi’s $7 Billion Banamex Sale Scuttled as AMLO Intervenes
Citigroup Inc. spent 16 months preparing its Banamex unit for a sale that ultimately fizzled after meddling by
2023-05-25 19:49
Wanda in Talks to Refinance $275 Million Private Debt Facility
Chinese conglomerate Dalian Wanda Group Co. is in discussions with lenders to refinance a $275 million private debt
2023-05-25 17:19
Europe’s Banks Say They’re Back. So Why Doesn’t Anyone Buy Their Shares?
PacWest Bancorp lost $1 billion in one quarter, saw its stock drop 89% in two months, and has
2023-05-25 17:17
Mozambique Ex-Finance Chief Faces US Trial in Tuna-Bond Case
Mozambique’s former Finance Minister, Manuel Chang, is set to face charges in the US over his role in
2023-05-25 16:26
Turkey Asked Banks to Buy Eurobonds to Support Default Swaps
Turkey’s central bank asked some local lenders this week to step in and buy the country’s dollar bonds,
2023-05-25 14:19
RBI May Need to Buy $18 Billion of Bonds to Add Cash, ICICI Says
India’s central bank may buy as much as 1.5 trillion rupees ($18 billion) of government bonds to replenish
2023-05-25 13:49
Argentina to Restrict FX Access for Oil Companies’ Imports
Argentina’s government will tighten access to the foreign exchange market for oil companies that need to import amid
2023-05-25 02:21
Chile Central Bank Tightens Credit Conditions, Citing Higher Global Risk
Chile’s central bank raised capital requirements on financial institutions, tightening credit conditions amid concern over the risk a
2023-05-25 00:57
Citi Drops $7 Billion Banamex Sale That Drew AMLO Scrutiny
Citigroup Inc. plans to sell shares of its Banamex unit in an initial public offering, ending talks for
2023-05-25 00:49
IMF Chief Reassures on Debt Deal; Roubini Sees Risk: Qatar Forum
The International Monetary Fund’s Kristalina Georgieva expressed confidence that the US will reach a deal on the debt
2023-05-24 20:17
Bank of Montreal Misses Forecast; Loan-Loss Set-Asides Grow
Bank of Montreal posted a surprise drop in fiscal second-quarter profit as it set aside a larger provision
2023-05-24 20:16
BMO, Scotiabank Earnings Miss as Loan-Loss Provisions Increase
Bank of Montreal and Bank of Nova Scotia missed earnings estimates after both Canadian banks reported higher loan-loss
2023-05-24 19:54