Americas
Banking and finance news from North America, Latin America, and the Caribbean
Bank of Hope completed SMBC MANUBANK commercial unit acquisition in California
Bank of Hope completed its acquisition of SMBC MANUBANK’s commercial banking unit, adding seven California locations and activating a partnership to serve Japanese businesses operating in the United States.
Federal Reserve officials signalled patience before another United States rate rise
Federal Reserve Vice Chair Philip Jefferson said officials may need more time before changing policy, while traders cut the estimated chance of an October rate rise to about 25%.
US Treasury sanctioned A7 network as FinCEN proposed payment restrictions
The US Treasury sanctioned the A7 network as a significant transnational criminal organisation, while FinCEN proposed barring covered institutions from certain funds transfers involving identified subagents.
Peoples Bancorp agreed $728.1 million all-stock Capital Bancorp acquisition in US
Peoples Bancorp agreed to acquire Capital Bancorp for approximately $728.1 million in shares, creating a US banking group with about $14 billion of assets if approvals are secured.
US SEC proposed crypto custody rules for advisers and funds
The US Securities and Exchange Commission proposed custody rules allowing conditional self-custody and state trust companies for crypto assets held by investment advisers and regulated funds.
Merrill Lynch agreed $39 million retirement cash-sweep settlement in US
Bank of America’s Merrill Lynch agreed to pay $39 million to settle retirement-account claims over near-zero rates on swept cash, subject to approval by a Manhattan federal judge.
Raymond James added four senior Jefferies bankers across advisory teams
Raymond James hired four senior bankers from Jefferies, expanding its consumer and retail coverage while establishing a dedicated leveraged-finance and debt-advisory practice in the United States.
JPMorgan dealmaker Hernan Cristerna set retirement for end of 2026
JPMorgan confirmed that global investment-banking and M&A executive chair Hernan Cristerna will retire at the end of 2026 after 30 years at the US lender.
Azul drew R$1.3 billion from BNDES under long-term aviation facility
Brazilian airline Azul drew about R$1.3 billion under a BNDES facility worth up to R$2.66 billion, using part of the proceeds to refinance a higher-cost obligation.
TD Bank planned C$10 billion buyback after completing previous repurchase
TD Bank said it intended to repurchase up to C$10 billion of shares by July 2027, subject to regulatory approval, after completing a C$7 billion programme in September.
US SEC proposed rules to broaden retail access to private markets
The US SEC proposed rule changes on adviser performance fees and interval and closed-end funds to expand retail access to private markets, and sought comment on new ways to qualify as an accredited investor.
Nubank said it was not pursuing a transaction with Monzo
Nubank said it was not pursuing a transaction with Monzo, after reports of early-stage talks that could have valued the British digital bank at £8 billion to £10 billion.