News of banks

Argentina's officials, analysts disagree on results of debt swap

12-03-2023 08:56 Participation in last Thursday's debt swap may have been less than reported, with government officials and analysts disagreeing on how the results should be counted.

DEBT SWAP

Government swaps US$21.7 billion of debt, easing default fear

09-03-2023 23:11 Argentina exchanges 4.34 trillion pesos (US$21.7 billion) in a local debt swap, alleviating immediate concerns of a potential local debt default.

DEBT SWAP

Argentina to swap peso debt to ease US$35-billion default fear

07-03-2023 11:04 Argentina will give investors the chance to exchange holdings of local debt into new bonds; Government wants to ease fears of a default on US$35 billion of local debt due in second quarter.

DEBT SWAP

Argentina to offer local debt swap to ease default fears

06-03-2023 16:46 Government will offer investors chance to swap local debt holdings for new bonds in a bid to calm fears of a default.

FINANCE & LENDING

Credit agencies disbursed a record amount to Argentina in 2022

10-02-2023 11:26 More than US$5 billion in funds were transferred to Argentina last year from multilateral lenders, declared Economy Ministry in new report.

Bloomberg

Banks need more vault space to store piles of pesos

19-01-2023 03:02 Peso bills are depreciating so quickly that banks are running out of space to store bank notes.

BLOOMBERG

Ghost banks limp along in Argentina, staying open as costly ATMs

10-01-2023 17:44 Ghost branches — no longer serving clients who require anything beyond an ATM, but not technically closed — have become a common sight in Argentina. As customers increasingly do their banking via smartphone apps and online, providers are pushing to close physical locations. But regulators won’t let them.

US-ARGENTINA RELATIONS

Massa seals tax info exchange deal with United States

06-12-2022 22:29 Argentina’s Economy Minister Sergio Massa wins over Washington and signs an agreement with US Ambassador Marc Stanley guaranteeing the exchange of tax information from Internal Revenue Service.

INTERVIEW

Todesca Bocco, Argentina's candidate for IDB chief, calls for its ‘transformation’

17-11-2022 16:17 Cecilia Todesca Bocco, Argentina's Secretary for International Economic Relations and candidate for the presidency of the Inter-American Development Bank (IDB), outlines her vision for the institution.

Deposit decline

Argentines withdraw US$1 billion from bank accounts amid turmoil

23-08-2022 21:23 More than US$1 billion of dollar deposits have been withdrawn since former economy minister Martín Guzmán resigned in July.

BLOOMBERG

Two local banks allow customers to buy cryptocurrencies

03-05-2022 12:51 Banco Galicia, the country’s largest private bank by market value, and digital bank Brubank SAU will allow their customers to purchase crypto including Bitcoin, Ether and USDC starting Monday.

WELFARE & POVERTY

Millions relying on food banks and soup kitchens as prices surge

29-04-2022 14:51 More than four million people depend on food banks and soup kitchens to eat in Argentina, and although the country has a well-oiled welfare network, the fight against high prices is tough and uncompromising.

Mining

Report: Mining firms targeting Brazil protected indigenous lands

23-02-2022 13:04 Major mining companies are seeking to expand to currently protected indigenous lands in the Amazon rainforest, bolstered by billions of dollars in financing from international banks and investment firms

Bloomberg

The carry trade is minting big returns in Latin America again

09-02-2022 15:32 The carry trade is roaring back in Latin America, home to some of the world’s most aggressive inflation-fighting central banks.

BLOOMBERG

Inflation is raging everywhere, but it’s worst in Latin America

23-11-2021 13:57 Inflation shocks are spreading pain around the world, but nowhere is it as bad as Latin America.

BLOOMBERG

Argentina says banks must maintain USD position through end November

05-11-2021 02:04 Argentina's Central Bank announced Thursday that the country's financial entities must maintain their foreign currency positions until the end of November, according to an emailed statement.

BLOOMBERG

Interest rates aren’t the only weapon in global inflation fight

01-11-2021 09:00 As the cost of living surges all over the world, governments aren’t leaving the job of containing inflation to their central banks. They’re responding in other ways too.

BLOOMBERG

Fintech firms get more time to claim tax exemption

30-09-2021 14:24 AFIP to give fintech firms more time to register and obtain a tax benefit after a flood of applications.

IMF DEBT TALKS

Argentina made US$1.9-billion IMF payment amid election fallout

22-09-2021 14:26 Argentina transferred the International Monetary Fund US$1.88 billion Wednesday, complying with the first principal payment of record bailout.

BLOOMBERG – ANALYSIS

The problem with Latin America’s rate hikes: they barely work

09-09-2021 14:25 From Brazil to Mexico, banks tighten faster than global peers; Unstable politics and off-the-books economies limit the impact

Bloomberg

Argentina’s Central Bank move raises concern of higher inflation

28-05-2021 16:22 A measure allowing Argentina’s commercial banks to move part of their reserve requirements from Central Bank notes to treasury bonds is raising concerns about inflation and the financial system’s health.

BLOOMBERG

Argentina’s peso mess is delivering windfall profits to brokers

14-04-2021 15:12 In Argentina, financial markets are all but dead. From stocks to bonds to traditional foreign-exchange venues, trading volumes are razor thin. Except, that is, in one unusual corner.

Bloomberg

Buenos Aires bankers’ return to office imperiled by Covid surge

07-04-2021 17:07 Several of Argentina’s largest banks succeeded at getting more employees back to headquarters as the virus toll abated in South America’s second-biggest economy. A rising case count now puts that path into question.

News of banks

Argentina's officials, analysts disagree on results of debt swap

Government swaps US$21.7 billion of debt, easing default fear

Argentina to swap peso debt to ease US$35-billion default fear

Argentina to offer local debt swap to ease default fears

Credit agencies disbursed a record amount to Argentina in 2022

Banks need more vault space to store piles of pesos

Ghost banks limp along in Argentina, staying open as costly ATMs

Massa seals tax info exchange deal with United States

Todesca Bocco, Argentina's candidate for IDB chief, calls for its ‘transformation’

Argentines withdraw US$1 billion from bank accounts amid turmoil

Two local banks allow customers to buy cryptocurrencies

Millions relying on food banks and soup kitchens as prices surge

Report: Mining firms targeting Brazil protected indigenous lands

The carry trade is minting big returns in Latin America again

Inflation is raging everywhere, but it’s worst in Latin America

Argentina says banks must maintain USD position through end November

Interest rates aren’t the only weapon in global inflation fight

Fintech firms get more time to claim tax exemption

Argentina made US$1.9-billion IMF payment amid election fallout

The problem with Latin America’s rate hikes: they barely work

Argentina’s Central Bank move raises concern of higher inflation

Argentina’s peso mess is delivering windfall profits to brokers

Buenos Aires bankers’ return to office imperiled by Covid surge

Poverty in Argentina rises, hurting economy before election

Massa announces new 'dolár agro' exchange rate

Brazil, Argentina, 23 other countries ask US to reinstate tariff exemptions

'We live with racism and marginalisation,' assert Afro-Argentine activists

Pope Francis: ‘Reaching my age in good health is a grace but I don’t know how long it will last’

Fiestas, viajes y pesca: quién es el empresario detenido por la muerte de la mujer que cayó del 6° piso

¿Efecto dominó? Otro famoso fue denunciado por abuso de menores, el tercero en diez días

Polémica en Mendoza por una resolución que declara a los mapuches como "no originarios"

Tras el acuerdo de Larreta y Macri: ¿quién será el único candidato de JxC en CABA?

Otra vez saltó el dólar