Americas
Banking and finance news from North America, Latin America, and the Caribbean
Peru's Credicorp beats Q2 2026 estimates and raises medium-term ROE target to about 22%
Credicorp posted Q2 2026 EPS of $7.29, ahead of the $7.20 average analyst estimate, and lifted its medium-term ROE target to about 22%.
Colombia's Yuno raises $45 million Series B led by Global PayTech Ventures
Colombian payments orchestrator Yuno raised $45 million in Series B funding led by Global PayTech Ventures, taking total funding to $80 million across three rounds.
BCRP holds Peru's reference rate at 4.25% for 11th consecutive meeting
Peru’s central bank kept its reference rate at 4.25% as annual inflation rose to 4.1% in July, above its 1–3% target range, and warned El Niño and Middle East tensions could prolong price pressures.
US's StoneX Group announces acquisition of Banco Travelex to expand Brazil offering
StoneX will buy Banco Travelex S.A., Brazil's first bank dedicated to foreign exchange, subject to central bank approval and expected to close within 12 months.
Brazil's BTG Pactual delivers record R$10.4 billion Q2 revenues and R$5.1 billion adjusted profit
BTG Pactual posted record second-quarter revenues of R$10.4 billion and adjusted net income of R$5.1 billion, delivering an adjusted return on average equity of 26.7%.
Grupo Cibest, parent of Bancolombia, reports 52% jump in Q2 2026 net income to COP 2.7 trillion
Grupo Cibest, the parent of Bancolombia, reported Q2 2026 net income of COP 2.7 trillion, up 52% year on year and 87% quarter on quarter.
US OCC rejects Dutch fintech Bunq's application for national bank charter
The US Office of the Comptroller of the Currency has denied Bunq's application for a national bank charter, citing significant supervisory and compliance concerns.
Banco Bradesco reports Q2 2026 recurring net income of R$7.1 billion, up 16.2% year-on-year
Bradesco posted second-quarter recurring net income of R$7.1 billion, up 16.2% year-on-year, marking its tenth consecutive quarter of profit growth.
Mexico's Banco de México holds overnight rate at 6.50% in August, delays inflation return
Banco de México kept its overnight rate at 6.50% for a second consecutive meeting and delayed the expected return of headline inflation to target.
Banco Central do Brasil cuts Selic rate 25 bp to 14.00% as Copom extends easing cycle
Brazil's Copom cut the Selic rate by 25 basis points to 14.00% on Wednesday, the fourth consecutive reduction, while warning that risks to inflation remain elevated.
Brazil's Itaú Unibanco posts 2Q26 recurring net income of R$12.4 billion with 24.3% ROE
Itaú Unibanco's second-quarter recurring managerial result rose 7.8% year-on-year to R$12.4 billion, with return on equity of 24.3%.
US FinCEN imposes historic USD 125 million penalty on UBS Financial Services for AML failures
FinCEN imposed a USD 125 million civil money penalty on UBS Financial Services for willful Bank Secrecy Act violations covering January 2019 through June 2023.