Brazil cenbank could speed up open banking initiative
The monetary authority is aiming to launch its open banking model next year, according to local business daily Valor.
The monetary authority is aiming to launch its open banking model next year, according to local business daily Valor.
The slowdown last year came as main trading partners Argentina and Brazil are struggling to reignite economic growth.
Changes under consideration include allowing pension fund managers to invest in higher-risk assets and moving capital rules for banks closer to the Basel III standards, according to a local daily.
MUFG says it will continue serving the local economy by offering financial services through its New York branch and Chilean partner bank Bci.
Existing shareholders will sell a portion of their shares in the fast-expanding Brazilian card processing firm.
The investment house increased its ownership of preferred shares to 25.2%.
The number of internet users grew by 3mn during 2018, and women make up the majority of web surfers, the statistics institute found in its annual internet and digital devices poll.
A judge ruled José Elías Melo participated in the payment of bribes related to the canceled Ruta del Sol 2 highway concession.
Citing the global economic slowdown, the finance ministry reduced its growth outlook for 2019 and detailed how this would impact spending. It also cut its oil production projection and revised other key metrics.
The Colombian financial services giant plans to keep strengthening its digital muscles.