News of banking

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.

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.

BLOOMBERG

Fintech Ualá launches cryptocurrency trading in Argentina

05-11-2022 08:36 Fintech firm Ualá ventured into crypto for the first time Friday, allowing customers to buy and sell Bitcoin and Ether with pesos through its app.

CRIME & THE COURTS

Argentine charged with laundering in US$1.2-billion Venezuelan fraud case

13-07-2022 14:15 Swiss and Argentine citizens charged in Miami for allegedly helping launder part of US$1.2 billion taken from Venezuelan state oil firm PDVSA in a long-running corruption and bribery investigation.

Bloomberg

Argentina approves Ualá’s purchase of Eurnekian’s Wilobank

10-06-2022 08:30 Argentina’s Central Bank has approved fintech Ualá’s purchase of billionaire Eduardo Eurnekian’s digital bank Wilobank.

BLOOMBERG

Ualá founder raises US$30 million for LatAm venture capital fund

18-04-2022 15:13 Founder of Argentine fintech Ualá, Pierpaolo Barbieri, launches venture capital firm with US$30 million from a roster of investors.

'Suisse Secrets' investigation

Venezuelans accused of looting PDVSA held accounts at Credit Suisse

21-02-2022 15:31 More than 20 Venezuelans linked to corruption involving state energy firm PDVSA had "assets of more than US$273 million in 25 Credit Suisse accounts," a new investigation reveals.

'Suisse Secrets' investigation

Investigation claims Credit Suisse bank handled dirty money

21-02-2022 15:01 Switzerland's second-largest bank Credit Suisse held billions of dollars of dirty money for decades, a new cross-border media investigation has claimed, based on a massive data leak from an anonymous source.

BLOOMBERG

Argentine fintech start-up Ualá starts its own brokerage service

08-12-2021 08:51 Company to allow dollar purchases at parallel exchange rate; Start-up is ramping up investment after last funding round.

Bloomberg

MercadoLibre SPAC has 30 Latin America tech firms in its sights

02-10-2021 08:03 E-commerce giant's firm with venture capital firm Kaszek is just getting off the ground. Already, the e-commerce giant’s executives are mulling more partnerships in the region.

FINTECH

Argentina’s Brubank plans push into Colombia, Peru in 2022

12-08-2021 15:12 Argentine digital bank is looking to expand to Colombia and Peru in 2022 after raising more financing at the end of this year.

Cryptocurrency

Economic downturn fuels crypto craze in Argentina

07-05-2021 08:00 As Argentines battles high inflation, a weaker currency and a shortage of US dollars, citizens have been putting their money into cryptocurrencies like Bitcoin, Tether, Etherium or Dai.

Bloomberg

MercadoLibre plans to double workforce with 16,000 new jobs

06-04-2021 14:26 Latin American e-commerce powerhouse will double its workforce across the region to handle the surge in online purchases, according to company staff.

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.