Barbara Pianese
Latin America Editor at The Banker
Host at The Banker Podcast
Latin America Editor @TheBanker Views my own. RT not endorsements.
Articles
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1 week ago |
thebanker.com | Barbara Pianese
Tourism and commodities are set to continue to support economic growth in the Caribbean, with the region’s development bank forecasting a 2.5 per cent growth by the end of the year. Just as for 2024, however, differences between local markets will continue to be stark and risks of disruptions caused by a global trade war potentially higher across the region. Banks, on the other hand, appear to be weathering uncertainty with relative calm.
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2 weeks ago |
thebanker.com | Barbara Pianese
The chief executive of NatWest has dismissed concerns that the lender’s increased use of artificial intelligence will lead to a reduction in headcount at the UK bank, a stance that contrasts with other major banks globally. Speaking at a Treasury Committee hearing on Tuesday, NatWest chief executive, Paul Thwaite, told MPs he does not see a “direct link between deploying technology and the removal of jobs”.
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3 weeks ago |
thebanker.com | Barbara Pianese
An increasing number of adults in the UK are turning to high-cost borrowing to make ends meet, according to data from the Financial Conduct Authority, with campaigners suggesting the cost of living crisis is the reason why. Research from the UK regulator published on Friday shows that approximately 3.5mn adults relied on high-cost credit in the 12 months to May last year, a jump of 700,000 people compared to the previous 2022 survey.
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1 month ago |
thebanker.com | Barbara Pianese
The European Central Bank has warned against a possible delay to the implementation of the last major component of Basel III for lenders in the EU, in line with similar postponements in the US and UK, insisting that the framework provides “a good basis for sound risk management”.
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1 month ago |
thebanker.com | Barbara Pianese
Concerns have resurfaced about sales practices at Wells Fargo almost a decade after the bank was embroiled in a fake account scandal. According to a report by the Committee for Better Banks, a coalition representing frontline bank workers and unions, the pressure on staff to deliver sales goals has returned at the US bank.
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Everybody is betting on nearshoring. But is it really happening? Recently wrote about it #nearshoringmexico https://t.co/dR4ktOLh2v
No nearshoring signs in Mexico's foreign direct investment (FDI). Weak inflows in 23Q2 were driven by reinvested profits. Getting only the 10-year LatAm average in % GDP would mean $60bn in FDI annually instead of $35bn for Mexico. Remittances are almost twice as high already... https://t.co/EPjWuRh1VL
Mexico plans to modernise its fintech regulation, says Gabriel Yorio, the country's Deputy Minister of Finance in a recent press report. I've written about the law's shortcomings. #fintechmexico
Of the 650 fintechs in operation in Mexico, just 46 operate under its 2018 fintech law. Industry experts are lamenting its shortcomings. https://t.co/2ok2Q3iXjD
At least they could have framed the issue as a general lack of productivity rather than blaming the people..
Latin America, especially Mexico, has some of the most hard working people on the planet - and they are very productive. The reason the West is richer has a lot to do with structural issues - like major corporations sucking up money. "A land of useless workers" is insulting. https://t.co/8cP4s5HU2G
