BNY and Mizuho Bank, the oldest banks in the US and Japan respectively, announced an agreement on Sunday to expand their correspondent banking network to facilitate international trade. The agreement, based on BNY’s merchant access service, allows both banks to access each other’s relationship management applications (RMA). “We have heard from some of our clients … Read more
The race for Latin America and the Caribbean’s super-rich assets continues as global powers compete with local giants. Multinationals and giant private banks are increasingly looking to Latin America as a cornerstone of their growth strategy. Recently, global giants including Citi, UBS, BBVA and Santander have revamped their teams and opened new divisions in the … Read more
Thousands of college athletes can now sue for part of a multibillion-dollar settlement aimed at paying athletes a share of college revenue generated from their performances. The proposed $2.8 billion settlement stems from a landmark case involving allegations that numerous current and former athletes were wrongfully denied compensation for the use of their name, image … Read more
Led by Brazil, an innovative group of fintech companies is rapidly growing in Latin America, filling gaps in services ranging from lending to payment platforms and mobile banking. Latin America has proven itself to be a magnet for fintech investment. The region has received $15.6 billion in investment for fintech providers over the past 10 … Read more
We research all brands listed and may receive compensation from our affiliates. Research and financial considerations may influence how brands are presented. Not all brands are included. Find out more. Given the contentious nature of the Social Security funding debate, Republicans and Democrats in Washington have been unable to make meaningful progress on solutions that … Read more
Natural disasters seriously affect the economies of Latin American countries. But the region can become a global leader in promoting green solutions. 2023 has cost Latin American economies $20 billion in natural disaster damage, the highest since Hurricane Maria hit Puerto Rico in 2017. In terms of numbers, the regional impact and cost are consistent … Read more
Advertising money. We may receive compensation if you click on this ad.Announcement Autumn changes more than just the leaves and the weather. For the roughly 66 million Americans who are Medicare beneficiaries, this season presents an opportunity to change their coverage, perhaps to pay less or get more from their plan. The annual open enrollment … Read more
The Japanese giant is banking its growth plans on acquiring US Steel, but political opposition is derailing the effort. What happens if the deal doesn’t go through? When Nippon Steel Corp. announced its agreement to buy respected United States Steel for $14.9 billion, the most attractive aspect of the deal was not the negative reaction … Read more
More than 1 million student loan borrowers are currently eligible for public service loan forgiveness. The milestone comes after the Biden administration on Thursday announced the latest round of forgiveness for public sector workers, resulting in more than 60,000 borrowers receiving $4.5 billion in debt forgiveness. Overall, the program has forgiven about $74 billion in … Read more
Partnerships are essential for any institution seeking to harness the opportunities of Asia’s dynamic markets, especially in today’s fast-paced business environment. Regional partners bring local knowledge, experience, and access to new markets and customers. The need for partnerships can be seen in both a global and regional context. No single bank or financial institution has … Read more