Americas
Banking and finance news from North America, Latin America, and the Caribbean
Citi Eyes $500B US Regional Bank Acquisition Amid Overhaul
Citigroup executives have explored buying a major US regional bank with around $500 billion in assets, such as PNC or Truist, to boost deposits and domestic presence, Bloomberg reports. The bank denies the rumors, focusing on organic growth as shares dip 4%.
Brazil's Ume Secures $28.5M FIDC Boost for Retail Lending Push
Brazilian fintech Ume has raised US$28.5 million in FIDC funding to deepen retailer partnerships and decentralize credit issuance. The capital will fuel embedded lending solutions, blending Ume's tech with merchant financing for scalable business growth.
Pathward Expands Influence on American Fintech Council Board
The Sioux Falls-based national bank joins the AFC board to strengthen responsible innovation and expand financial access for underserved communities and businesses nationwide.
Penn Community Bank Elevates Charles Field to President, CFO
Penn Community Bank has appointed Charles Field as President and Chief Financial Officer effective today, marking a key leadership shift to bolster growth. Chair Ross Choate praised Field's role in strengthening community ties and strategic execution.
Canadian Banks Post 10% Q1 Income Surge Amid Momentum
Canada's big six banks and Desjardins Group delivered robust Q1 2026 earnings, with aggregate adjusted net income climbing 10% on broad revenue gains. Fitch Ratings highlights sector-wide strength despite global headwinds like energy shocks.
Mexico's Banxico Cuts Key Rate to 6.75% in Split Vote
Banco de México surprised markets by lowering its overnight interbank rate by 25 basis points to 6.75%, citing weak activity and external risks despite rising inflation. The dovish move signals the easing cycle may soon end at 6.50%.
Mexico's Banxico Cuts Key Rate to 6.75% in Surprise Move
Banco de México surprised markets by slashing its overnight interbank rate 25 basis points to 6.75%, effective today, amid cooling inflation and growth concerns despite recent inflationary upticks. The split decision signals potential further easing if global risks subside.
Rhinebeck Bank Teams with MANTL for Faster Digital Onboarding
Rhinebeck Bank has partnered with MANTL, an Alkami solution, to streamline business and retail account opening across digital and physical channels. The move promises accounts in under five minutes for consumers, boosting efficiency and customer satisfaction.
UK’s Arbuthnot Banking Group Reports Profit Drop in 2025 Earnings
Arbuthnot Banking Group posted a 31% decline in pre-tax profit to £24.2m for 2025 amid falling interest rates and lower lending, though deposits grew 11% and funds under management rose 21%. Shares climbed 2% post-announcement.
South Carolina Bank Declares $0.23 Quarterly Dividend
Bank of South Carolina Corporation's board approved a $0.23 per share quarterly dividend, payable April 30 to holders of record April 14—the 146th straight payout since 1987. The move underscores the Charleston-based lender's steadfast shareholder commitment amid steady operations.
Minnesota's B2 Bank Names Climate First Trio to Lead Expansion
Minnesota's B2 Bank has appointed Ryan Jaskiewicz as CEO, Chris Cucci as president, and Chris Van Buskirk as chief credit and risk officer, drawing talent from Florida's Climate First Bank to fuel nationwide growth alongside M1 Finance.
HBT Financial Names Veteran Banker Morton to Board
HBT Financial, Inc. and Heartland Bank and Trust Company have appointed Michael J. Morton, a banking executive with nearly 40 years of experience, to their boards effective April 1, 2026. The move bolsters leadership amid steady growth in Illinois and beyond.