Deutsche sells Mexican banking and brokerage business to InvestaBank

InvestaBank would gain control of Deutsche's lucrative depository-receipt business in Mexico, which has profited from sales of foreign securities (including ETFs) on the Mexican Stock Exchange.

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Itaú has pole position for acquisition of Citi’s Brazilian retail banking operation

Itaú has reportedly outbid Banco Santander in initial offers presented to Citigroup. The Spanish bank is exclusively negotiating on Citi's Argentine operation while Scotiabank is in talks for its Colombian holdings.

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HSBC Private Bank appoints US head of investment services and product solutions

Russell Schofield-Bezer will be responsible for the development and delivery of investment services and offerings to clients, the performance of discretionary and advisory mandates in the region, and the development of new initiatives and product ideas for local distribution.

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Brazil’s Itaú eyes Citigroup’s Latin American operations

An acquisition of Citi's chain of banks in Latin America would help Itaú reduce its dependence on Brazil, acknowledged the firm's Ricardo Villela Marino, head of Latam operations.

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Latin America pummelled by Deutsche Bank consolidation

It remanins unclear what will become of Deutsche's custody businesses in Argentina and Mexico, where it serves as custodian for locally-traded instruments such as funds, ETFs and securities.

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Bradesco ponies up USD 5.2 billion for HSBC’s Brazilian operation

The deal includes HSBC's local fund management operation, worth USD 26 billion, helping Bradesco surpass Itaú in the Brazilian asset manager ranking.

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BBVA Bancomer appoints new CEO in Mexico

The designation of Eduardo Osuna recognizes his long career in the financial group, for which he has worked since 1994 in different divisons, such as corporate & government banking and commercial banking.

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