Argentina’s Banco Macro in May approved a plan to sell 74 million shares in order to raise enough capital to buy Banco Patagonia, which has a market value of approximately $1.97 billion, and which Banco do Brasil currently owns. To what extent is the development indicative of a trend of consolidation in Argentina’s banking sector?
What are the main challenges US banks must overcome in order to do business in Cuba?
A draft version of the Restoring American Financial Stability Act contains an amendment that would directly impact the money transfer industry. How would the bill in its current form affect remittance providers?