Brazil Personal Default Rate Drops in June as Bank Eases Credit

Brazil’s consumer-loan default rate fell in June, as the central bank loosens reserve requirements to ease credit conditions in the world’s second-largest emerging market.

Brazil to boost credit to counter economic slowdown

RIO DE JANEIRO, July 25 (Reuters) - Brazil's central bank on Friday announced measures to boost credit in the country's ailing economy, one week after keeping its benchmark interest rate at its highest level in over two years to fight inflation.

Venezuela shuffles economic team, keeps forex rate

CARACAS (Reuters) - Venezuela's President Nicolas Maduro named an army general as the new finance minister in a reshuffle of his economic team on Wednesday and said there would be no currency devaluation this year despite a soaring black market for dollars.

Argentine cash controls bring bargains, headaches

BUENOS AIRES, Argentina (AP) — The Brazilian visitors gawk in wonder as they stroll past shop windows along touristy Florida street in the Argentine capital.

Brazil's Government Prods Top Banks to Help Ignite Economy

Brazil's government wants the nation's top banks to help reignite a listless economy via a major expansion in lending, but concerns about high default rates persist.

Latin America's New Credit Frontier

MEXICO CITY-Latin American banks are experiencing a sharp rise in "payroll loans" that are repaid through deductions from workers' paychecks.

Selling in Colombia ETF Overdone After Interbolsa Decline

Shares of the Global X FTSE Colombia ETF (NYSE: GXG ), the largest ETF tracking South America's second-largest economy, are on pace for their worst week in multiple months amid concerns about the financial health of Interbolsa SA's brokerage operations.

Ecuador Banks’ $1 Billion Fire Sale Cuts Assets’ Value

Ecuador’s push for banks to sell non- core businesses is creating a $1 billion asset glut as the nation’s biggest financial firms struggle to find buyers before a July deadline.