Americas
Banking and finance news from North America, Latin America, and the Caribbean
US OCC conditionally approves Bastion’s conversion into national trust bank
The US OCC conditionally approved Bastion Platforms Trust Company’s conversion into an uninsured national trust bank authorised for specified stablecoin, custody and conversion services, subject to completion requirements.
US state supervisors release optional AI examination framework for financial firms
The Conference of State Bank Supervisors released an optional AI framework helping state examiners identify artificial-intelligence use, assess risks and decide when deeper reviews may be needed.
Bolivia approves $1.9 billion IMF programme before final board review
Bolivia’s Congress approved a 36-month, $1.9 billion IMF programme, although the agreement still requires Executive Board approval and completion of agreed prior actions before funds can be released.
Brazil central bank expands Pix access and tightens participant exclusion rules
Brazil’s central bank approved Pix Automatic debits from salary accounts from July 2027 and required institutions definitively excluded from the payment system to leave immediately.
Federal Reserve review finds supervisors delayed action before SVB collapse
A Federal Reserve-commissioned review found supervisors failed to demand prompt correction after Silicon Valley Bank’s vulnerabilities were evident by March 2022, including a 94% uninsured-deposit share.
Fin.com announces $20 million seed round for cross-border payments infrastructure
Fin.com announced a $20 million seed round led by Expa and Garrett Camp to expand infrastructure linking local payment rails, bank accounts, SWIFT and stablecoin settlement.
Federal Reserve signals final bank stress-test revisions within coming weeks
Federal Reserve Vice Chair for Supervision Michelle Bowman said final stress-test revisions would reach the Board within weeks, including measures she said could halve capital-buffer volatility for large banks.
Alchemy adds Mastercard credentials to AgentCard for AI-driven online commerce
Mastercard and Alchemy extended AgentCard to Mastercard credentials, enabling authorised artificial-intelligence agents to make online purchases using tokenised credentials under defined user and issuer spending controls for approved online transactions.
US Senate blocks CLARITY Act after procedural vote falls short
The US Senate blocked the CLARITY Act from advancing after a 49–50 procedural vote failed to reach the required 60 votes, leaving digital-asset regulation unresolved.
Goldman Sachs flags softer third-quarter fixed-income trading and higher costs
Goldman Sachs chief David Solomon said third-quarter fixed-income trading was relatively softer, while non-compensation expenses were expected to rise by more than $500 million from the second quarter.
World Bank backs Brazil industrial decarbonisation with $1.06 billion financing package
The World Bank backed $1.06 billion for Brazil’s industrial decarbonisation through BNDES, with the programme expected to mobilise a further $1.8 billion in development and commercial finance.
Bradesco raises R$6.5 billion in first capital increase subscription stage
Brazil's Bradesco recorded R$6.5 billion of subscriptions in the first stage of its planned capital increase, leaving 202.38 million shares for a follow-on allocation between 21 and 25 September.