Americas
Banking and finance news from North America, Latin America, and the Caribbean
Bank of America Brazil Chief Eduardo Alcalay Announced October Departure
Bank of America Brazil country chief Eduardo Alcalay said he would leave on 26 October after nine years, while the bank began a succession process without naming a replacement.
BNDES Approved R$300 Million Aurora Export Loan Under Brasil Soberano
BNDES approved R$300 million for Aurora Coop under Brasil Soberano, providing export working capital as the Brazilian food producer diversifies pork and poultry markets disrupted by conflict in the Persian Gulf.
Brazil approved R$49.95 billion Eco Invest mandates for four banks
Brazil homologated R$49.95 billion of Eco Invest proposals, selecting Bradesco, HSBC, Itaú and Santander to structure funds and credit across six green industrial chains nationwide.
United States OCC launched payment-fraud reporting tool for community banks
The OCC launched a tool allowing community banks to report suspected payment fraud involving OCC-regulated institutions directly to a task force, alongside renewed information-sharing guidance.
United States NCUA liquidated Jackson Area Federal Credit Union after insolvency
The NCUA liquidated insolvent Jackson Area Federal Credit Union after Five Star Credit Union assumed its share accounts and bought some assets, preserving member access to insured funds.
TowneBank agreed to $154 million BlueHarbor acquisition to expand North Carolina footprint
TowneBank agreed to acquire BlueHarbor Bank for about $154 million in cash and shares, expanding its North Carolina franchise through a deal targeted to close in early 2027.
United States SEC declined enforcement in Exxon Climate Action 100+ inquiry
The SEC declined enforcement over known Climate Action 100+ conduct at Exxon’s 2021 board election but warned coordinated investor activity could trigger stricter ownership disclosures.
United States HUD opened fair-lending investigation into Wells Fargo housing programmes
HUD opened a Fair Housing Act investigation into Wells Fargo programmes supporting Black homeownership, while the bank declined immediate comment and no violation has been found.
SpaceX seeks $40 billion financing for Nvidia artificial intelligence chips
SpaceX is seeking $40 billion to buy Nvidia artificial intelligence chips, with talks spanning about $10 billion of bank loans and $30 billion of investment-grade debt.
Federal Reserve minutes showed most officials expected another 2026 rate increase
Federal Reserve minutes showed most officials expected another 2026 rate increase, while a few urged stronger preparations for possible Treasury-market disruption without expanding the central bank’s footprint.
Colombia’s Bre-B completed its first year with 1.7 billion transactions
Colombia’s interoperable Bre-B network processed more than 1.7 billion transactions worth over COP262 trillion during its first 12 months, while participation expanded to 245 entities.
Bradesco Completed R$10 Billion Capital Increase Subscription After Final Auction
Bradesco fully subscribed its R$10 billion capital increase after selling the final receipts at auction, while the enlarged capital base remains subject to approval by Brazil’s central bank.