News of galicia

Labour reforms revive tensions between banks and fintechs

03-12-2025 22:19 President Milei's upcoming labour reform plan is reviving longstanding tensions between the country’s banks and its fast-growing financial technology platforms.

ANALYSIS: SHOCK THERAPY

Milei’s election battle leaves Argentina’s banks at five-year low

02-12-2025 12:13 Banks in Argentina are struggling due to President Milei’s fierce push to tame the currency; Squeeze has forced bankers’ hands, triggering a sharp pullback in lending that could continue well into 2026.

Economic Recovery

Top private bank Galicia expects lending business to surge

23-10-2024 11:36 Galicia, Argentina’s largest private bank, is expecting loaning business to surge in the portfolio, a sign of what some say is economic recovery in Argentina.

BANKS PROBED

Argentina questions three banks on puts, bond transactions

13-05-2024 20:36 Argentina’s Central Bank and regulators are looking into at least three of the nation’s banks – Galicia, BBVA, Banco Supervielle – for potential irregularities in transactions with government bonds and put options.

BLOOMBERG – ANALYSIS

HSBC joins firms exiting Argentina amid Milei's economic makeover

10-04-2024 15:24 Foreign companies reluctance contrasts with local optimism; Exxon and Clorox decided to divest investments in Argentina.

BANKING & BUSINESS

HSBC sells Argentina division to Banco Galicia for US$550 million

09-04-2024 12:12 HSBC will sell its Argentina operation to Grupo Financiero Galicia for US$550 million, subject to price adjustments. Deal includes all of HSBC Argentina’s business, which ranges from banking to asset management and insurance, as well as US$100 million of subordinated debt.