Latin America News

Brazil’s XP debuts ‘stay-at-home’ play

Latin America | Products

25 Jun 2020 by Lavanya Nair & Pablo Conde

The bank continues to increase its market share as it expands its product offering with new thematic investments and pushes for a functioning secondary market.

Brazil’s XP gets new CEO, eyes ESG and automation

Latin America | Products

23 Jun 2020 by Lavanya Nair & Pablo Conde

Brazil’s financial services platform XP has announced the hiring of the ‘Best LGBT+ executive ally globally’ José Berenguer (pictured) to lead the expansion of the wholesale bank business.

Mexico Market Review, May 2020: on the road to recovery

Latin America | Market Reviews

23 Jun 2020 by Martina Tsvetkova

Four hundred and fifty-five products from six different distributors and with an aggregate sales volume of nearly MXN20 billion (US$905m) struck in Mexico in May.

Mexico Market Review, April 2020: Rates cut boost alternative investment demand

Latin America | Market Reviews

26 May 2020 by Martina Tsvetkova

Three hundred and fifty-seven products from five issuers and with combined sales of MXN17.3 billion (US$700 million) struck in Mexico in April (March 2020: MXN15.5 billion from 386 products).

Monex sales remain strong despite drop in issuance

Latin America | Products

20 May 2020 by Lavanya Nair & Pablo Conde

Mexican financial institution Monex remained the most prolific issuer in Mexico for the first quarter of 2020 despite a 25.6% drop in product issuance during the same period of last year.

BBVA issuance remains steady despite rocky Q1

Latin America | Products

18 May 2020 by Lavanya Nair & Pablo Conde

The Mexican subsidiary of Spanish financial institution BBVA announced a 48.3% drop in its net income totaling MXN6.44 billion (US$270m) for the first quarter of 2020 from the same period a year prior.

Santander Brasil champions through Q1

Latin America | Products

14 May 2020 by Lavanya Nair & Pablo Conde

Banco Santander subsidiary Santander Brasil sailed through the first quarter of 2020 with a considerable growth in net interest income totalling BRL$12.65 billion (US$2.14 billion), a 12.1% jump YoY and a 0.4% increase from the fourth quarter of 2019.

XP Investimentos dominates in Brazil

Latin America | Products

13 May 2020 by Lavanya Nair & Pablo Conde

Brazilian financial services platform XP Inc. has reported net revenues of BRL1.7 billion (US$300m) for the first quarter of 2020, an 86% soar from its Q1 19 figure of R$934 million.

Brazil Market Review, Q1 2020: capital protection, long tenor safeguard investment portfolios

Latin America | Market Reviews

07 May 2020 by Martina Tsvetkova

One hundred and eight products with an estimate volume of BRL1.4 billion (US$269 million) were issued during the first quarter of 2020 in Brazil.