Americas
Banking and finance news from North America, Latin America, and the Caribbean
IDB Invest settled MXN3.5 billion Mexican social bond for SMEs
IDB Invest settled a three-year MXN3.5 billion social bond in Mexico, directing proceeds towards financing for small and midsize businesses after receiving more than MXN4.5 billion of orders.
Federal Reserve’s Hammack backed faster move towards restrictive US policy
Cleveland Fed President Beth Hammack said restrictive policy should be reached relatively quickly, favouring smaller adjustments as inflation remains broad-based ahead of the October meeting.
Byline agreed $87.9 million purchase of Illinois State Bancorp in Chicago
Byline Bancorp agreed to acquire Illinois State Bancorp for about $87.9 million, adding four branches and lifting the combined Chicago-area franchise to approximately $10.5 billion of assets.
JPMorgan appointed Rob Sweeney global investment banking chair amid expansion
JPMorgan appointed Rob Sweeney as a global investment banking chair, giving the former Goldman Sachs and Sycamore executive senior coverage responsibilities across industries including consumer and retail.
TD Bank received approval for C$10 billion Canadian share buyback
Canada’s banking regulator approved TD Bank’s plan to repurchase up to C$10 billion of shares, capped at 61 million shares, allowing the programme to commence on 9 October.
Brazil’s Pix surpassed one billion registered payment keys in September
Brazil’s Pix reached 1.008 billion registered keys in September, while the central bank’s settlement system processed 7.1 billion inter-institution transactions worth about R$3.2 trillion during the month.
Peru's BCP Priced First International Bond of 2026 as Tier 2 Notes
Banco de Crédito del Perú priced its first international bond of 2026, issuing US dollar-denominated Tier 2 subordinated notes after Fitch assigned the transaction an expected BBB- rating.
Mercadien Breach Affected Customers at Nine or More US Depository Institutions
A breach at accounting firm Mercadien affected customers of at least nine US banks and credit unions, with public records and notices indicating that more than 400,000 people were involved.
Goldman executives' five-year equity awards approached projected $500 million value
About 20 Goldman Sachs executives were in line for five-year equity awards currently projected around $500 million, although the final value will be set later in October and could change.
Federal Reserve's Waller backed further rate rises while keeping October flexible
Federal Reserve governor Christopher Waller backed additional rate increases if data evolve as expected, but said they need not occur consecutively, leaving the 27–28 October meeting open.
American Express received $350 million penalty over anti-money laundering failures
US regulators fined American Express $350 million after finding systemic anti-money laundering control failures that left approximately $13 billion of suspected trade-based laundering activity insufficiently identified and reported.
Third Coast agreed $239.6 million Great Plains acquisition to enter Oklahoma
Third Coast Bancshares agreed to acquire Great Plains Bancshares for about $239.6 million in shares, creating a bank with roughly $9 billion in assets and entering Oklahoma.