News of banks

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.

BLOOMBERG

Argentine banks ask for some relief after worst year since 2007

27-03-2021 08:34 After posting their worst returns in 13 years, nation’s banks are blaming part of their losses on government’s pandemic measures and asking the Central Bank for help.

BLOOMBERG

Banco Galicia CEO: Inflation will keep battering banking returns

19-02-2021 12:42 Argentine banks took a beating last year, and the nation’s biggest lender says the industry is at risk of a repeat performance.

BLOOMBERG

Argentina’s new obsession is watching foreign reserves evaporate

05-10-2020 16:14 At brokerages and banks, the calls come in every day with the same question: How many dollars does the Central Bank actually have?

capital controls

Banks block accounts of those suspected of trying to circumvent dollar quota

17-07-2020 00:11 At least three of country's biggest banks have started to block dollar purchases via online platforms for clients suspected of using loopholes to purchase greenbacks beyond the US$200 limit.

WORLD

Martin Wolf: ‘This is potentially a hinge moment in history’

02-05-2020 08:25 Martin Wolf, chief economics commentator for the Financial Times, discusses the economic fall-out from the coronavirus pandemic, in an exclusive interview with Perfil’s Jorge Fontevecchia.

by Jorge Fontevecchia

ANSES

President Fernández fires ANSES chief Alejandro Vanoli

30-04-2020 15:19 Buenos Aires Province Community Development Minister Fernanda Raverta, a La Cámpora militant and former Unidad Ciudadana national deputy

BANKING

Warning signs: four indicators that scare Argentine banks during the pandemic

25-04-2020 11:27 Has Latin America escaped the worst of the pandemic? Or is the region just grossly untested and underreported?

Bloomberg - Opinion

Money is losing its meaning amid coronavirus pandemic

16-04-2020 15:32 Saving the global economy from the coronavirus pandemic is going to cost a lot of money. The sums involved are so large that they no longer have any meaning; they are simply abstractions.

MIGUEL ÁNGEL PESCE INTERVIEW

Miguel Pesce: ‘In this emergency, the mechanism is printing money’

11-04-2020 10:07 Central Bank chief Miguel Ángel Pesce on the economy, printing money, the coronavirus pandemic and the problems that lie ahead.

by Jorge Fontevecchia

Nationwide lockdown

Government plans to ease lockdown with limited reopening of banks

07-04-2020 08:57 Isolation measures to tackle the Covid-19 coronavirus pandemic will be lifted to allow branches to offer limited services, Bloomberg reports.

Coronavirus pandemic

Huge queues outside banks as they open doors during lockdown

03-04-2020 20:23 For the first time since the nationwide lockdown, retired Argentines and receiving social security payments left their homes in droves as banks reopened their branches.

Fight against virus

Crisis lending surges as government obliges banks to assist

02-04-2020 16:47 Credit lending is making a comeback in Argentina as the country seeks to flood its streets with pesos to mitigate the effects of the coronavirus.

Debt restructuring

Government hires banking veterans for debt talks

10-03-2020 21:45 Three experienced Latin American bankers from HSBC Holdings Plc, Citigroup Inc. and Bank of America Corp. will lead the restructuring of more than US$76 billion of debt owed to global investors by Argentina and the province of Buenos Aires.

Bloomberg

Argentina faces catch-22 on peso debt bomb after swap tradeoff

06-03-2020 15:37 The local debt of 1.8 trillion pesos (US $29 billion) is an amount roughly equivalent to all the cash in circulation in the country.

Gender diversity

Lagarde still the exception in male-dominated central banks

06-03-2020 08:00 Christine Lagarde’s appointment to lead the European Central Bank was a landmark event in improving gender diversity in economic policy making, but global central banks still have a long way to go.

DEbt talks

Argentina contracts Bank of America, HSBC & Lazard for debt talks

02-03-2020 17:17 Argentina hired Bank of America, HSBC to become its placement agents of the debt restructuring and engaged Lazard in order to be its financial advisor, according to a statement from Economy Minister published on Sunday.

'Cepo total'

US$200 limit: Central Bank tightens currency controls in wake of election

28-10-2019 01:03 The move looks to preserve international reserves during the political transition but risks causing the black market exchange rate to skyrocket.

ELECTION 2019

Fernández tells Argentines he will protect their savings and dollar deposits

23-10-2019 13:53 Presidential frontrunner asks markets and Argentina to "be calm," promising not to raid personal savings should financial turbulence hit country post-election.

BUENOS AIRES CITY

Bank queues return to BA as currency controls kick in

03-09-2019 08:03 Queues outside banks seen once again outside branches, as Argentines get used to new capital controls.

Selective cepo?

Government imposes currency controls in bid to halt flight of dollars

01-09-2019 16:04 Exporters ordered to seek permission from the Central Bank of Argentina before purchasing foreign currency and and purchases of dollars limited to US$10,000 per individual a month.