Americas
Banking and finance news from North America, Latin America, and the Caribbean
Citi launches US commerce-media platform using insights from 70 million customers
Citi launched a US commerce-media platform that combines transaction insights from more than 70 million customers and 6.5 billion annual card transactions with advertising and campaign measurement.
Bank of America announces 1,000 apprentices and $150 million workforce investment
Bank of America will recruit 1,000 additional apprentices over two years and invest $150 million over five years in US workforce development and training programmes.
Fed officials back September rate rise as US inflation risks persist
Regional Federal Reserve presidents backed September’s quarter-point increase, citing persistent US inflation and a solid labour market as reasons to keep monetary policy restrictive for longer.
SoFi begins settling $25 billion annualised card programme in SoFiUSD
SoFi began settling its debit and credit card programme, representing more than $25 billion in annualised volume, through the bank-issued SoFiUSD stablecoin on Mastercard’s payments network.
Binance buys $100 million Circle stake and expands five-year USDC partnership
Binance invested $100 million in USDC issuer Circle and expanded a five-year commercial partnership intended to increase stablecoin use across the exchange’s products and markets.
Federal Reserve says online portal handles most discount window loan requests
Federal Reserve Vice Chair Philip Jefferson said more than 60% of discount-window loan requests now pass through its online portal, which was launched in 2024.
Canada’s six largest banks begin exploring shared tokenised deposit system
Canada’s six largest banks began exploring a shared Canadian-dollar tokenised deposit system designed to support faster, programmable transfers while keeping money inside the regulated commercial-banking system.
Qatar Investment Authority announces plans for $20 billion JPMorgan asset partnership
Qatar Investment Authority and JPMorgan Asset Management announced plans for a $20 billion partnership that would allocate $15 billion to global equities and $5 billion to US middle-market private credit.
Priority Technology agrees $1.6 billion take-private deal led by chief executive
Priority Technology agreed a $1.6 billion take-private transaction led by chief executive Thomas Priore, offering $8.05 in cash per share and targeting completion in the first half of 2027.
Avant applies for US bank charter to expand lending and deposits
Avant applied to US regulators to establish a national bank, seeking deposit funding and greater control over a lending business that has served approximately 4.8 million customers.
The new bank resilience test: capital is strong, supervision is getting more granular
In a reverse stress test the ECB asked 110 banks to design scenarios cutting CET1 by 300bp, and found some mitigating actions overly optimistic, even with aggregate CET1 at 16.00%; the Fed is weighing making the tool routine.
Itaú agrees R$1.17 billion lease for São Paulo office complex
Itaú agreed a ten-year lease worth about R$1.17 billion for the full Esther Towers complex in São Paulo, with phased occupation planned as construction is completed.