finance

US Senate Passes Bill to Regulate Stablecoins: The GENIUS Act Sets Standards for Asset-Backed Cryptocurrencies

US Senate Passes Bill to Regulate Stablecoins: The GENIUS Act Sets Standards for Asset-Backed Cryptocurrencies

Web Editor
June 17, 2025

Introduction to Stablecoins and the GENIUS Act The United States Senate has approved a bill to regulate “stablecoins,” a type...

Mexican Insurance Sector Ready for Hurricane Season: Amasfac

Mexican Insurance Sector Ready for Hurricane Season: Amasfac

Web Editor
June 17, 2025

Introduction to the Mexican Insurance Sector’s Preparation Ricardo Rosado Mañón, President of the National Council of Directors of the Mexican...

Openbank, Santander’s Digital Bank, Reaches 110,000 Customers in Mexico Four Months After Launch

Openbank, Santander’s Digital Bank, Reaches 110,000 Customers in Mexico Four Months After Launch

Web Editor
June 17, 2025

Background and Relevance of Santander and Openbank Santander, one of the world’s largest financial groups, launched Openbank, its digital bank,...

The Fed Begins Two-Day Policy Meeting Amidst Pressure to Lower Interest Rates

The Fed Begins Two-Day Policy Meeting Amidst Pressure to Lower Interest Rates

Web Editor
June 17, 2025

Background on the Federal Reserve and Its Current Role The Federal Reserve, often referred to as the Fed, is the...

Mexican Pension Funds Afores Report $175.47 Billion in Gains for May 2025

Mexican Pension Funds Afores Report $175.47 Billion in Gains for May 2025

Web Editor
June 17, 2025

Background on Afores and Their Role The Administradoras de Fondos para el Retiro (Afores) are Mexican pension funds responsible for...

Afores’ Profits Surge 49% in First Five Months of 2025, Highest Since 2013

Afores’ Profits Surge 49% in First Five Months of 2025, Highest Since 2013

Web Editor
June 17, 2025

Background on Afores and Their Importance Administradoras de Fondos para el Retiro (Afores) are Mexican pension funds that manage workers’...

Bank Branches Remain Stable, ATMs Continue to Rise in Mexico

Bank Branches Remain Stable, ATMs Continue to Rise in Mexico

Web Editor
June 16, 2025

Digitalization Advances, Yet Physical Infrastructure Remains Crucial Despite the progress in digitalizing financial services, the number of bank branches has...

Sabadell Receives Preliminary Interest Statements for TSB Unit Amid BBVA Takeover Battle

Sabadell Receives Preliminary Interest Statements for TSB Unit Amid BBVA Takeover Battle

Web Editor
June 16, 2025

Background on Sabadell and BBVA BBVA, a Spanish lender, launched a hostile takeover bid for Sabadell in May 2024. The...

Sofipo CAME: Resolution in 180 Days; Savers Seek to Avoid Liquidation

Sofipo CAME: Resolution in 180 Days; Savers Seek to Avoid Liquidation

Web Editor
June 16, 2025

Background and Relevance The case of Sociedad Financiera Popular (Sofipo) CAME requires a resolution within a maximum period of 180...

Finco Pay Receives Authorization as Institution of Electronic Payment Funds (IFPE) under Mexico’s Fintech Law

Finco Pay Receives Authorization as Institution of Electronic Payment Funds (IFPE) under Mexico’s Fintech Law

Web Editor
June 16, 2025

Introduction to Finco Pay and its Significance Finco Pay, a Mexican fintech company, has been granted authorization by the National...

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