Americas
Banking and finance news from North America, Latin America, and the Caribbean
FINRA fines UBS Financial Services USD 20 million for repeated foreign currency wire AML failures
FINRA fined UBS Financial Services USD 20 million after finding more than 60,000 foreign currency wires totalling over USD 10 billion were not reasonably monitored.
Banco de Bogota completes acquisition of Itau's Colombian retail banking business for COP$1.64tn
Banco de Bogota has closed its acquisition of Itau's Colombian retail banking business for approximately COP$1.64 trillion, following regulatory approval.
US Federal Reserve announces written agreement with Illinois community bank Iuka State Bank
The Federal Reserve executed a written agreement dated 15 July with Iuka Bancshares and The Iuka State Bank of Salem, Illinois, also signed by the St. Louis Fed and the Illinois banking regulator.
Federal Reserve holds federal funds rate at 3.50–3.75% as three regional presidents dissent for a hike
The FOMC voted 9-3 to keep rates unchanged, with Hammack, Kashkari and Logan preferring a quarter-point increase, as Chair Kevin Warsh said the Committee would deliver price stability.
Central Bank of Chile holds monetary policy rate at 4.5% unanimously in July
The Central Bank of Chile kept its policy rate at 4.5% on Tuesday in a unanimous vote, the fifth consecutive meeting without a change as inflation ran above target.
Huntington Bancshares reports Q2 2026 EPS of $0.33 with net income of $727 million, up 36% YoY
Huntington Bancshares posted second-quarter EPS of $0.33 and net income of $727 million, up 36% YoY, as average loans rose 42% including the Cadence and Veritex acquisitions.
Optus Financial and M&F Bancorp agree merger to create largest Black-owned bank in the US
Optus Financial Corporation and M&F Bancorp have agreed a merger valued at more than $105 million to create the largest Black-owned bank in the United States.
Northern Trust reports Q2 2026 EPS of $4.23, boosted by $451.5 million of notable revenue items
Northern Trust posted Q2 2026 EPS of $4.23, up 56% QoQ and 98% YoY, on revenue of $2.71 billion, boosted by $451.5 million in net favourable items.
Ally Financial reports Q2 2026 net income of $367 million with adjusted EPS of $1.21
Ally Financial posted second-quarter net income of $367 million, up 13% YoY, and adjusted EPS of $1.21 on revenue of $2.29 billion and a 3.63% NIM excluding core OID.
Mexico's Grupo Financiero Banorte Q2 2026 net income of MXN 15.55 billion; H1 group ROE at 24.8%
Banorte posted 2Q26 net income of MXN 15.55 billion, up 6% year on year, with first-half Group ROE rising to 24.8% and Bank ROE reaching 31.3%.
Capital One reports Q2 2026 net income of $3.0 billion with EPS of $4.73 on $15.9 billion revenue
Capital One posted second-quarter net income of $3.0 billion and diluted EPS of $4.73, on 4% quarter-on-quarter revenue growth to $15.9 billion, with adjusted EPS of $5.81.
KeyCorp reports Q2 2026 net income of $472 million with EPS up 26% YoY and raised guidance
KeyCorp posted second-quarter net income of $472 million and EPS of $0.44, up 26% YoY, on 7% revenue growth, and raised full-year revenue and NII guidance.