News (Noticias) for Banking
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November 20, 2009
Mexican migrants are spending more money on taxes in the United States than on the remittances they send home to relatives, according to a new study by Mexico’s largest bank, BBVA Bancomer.
November 16, 2009
Money Trickles North as Mexicans Help Relatives – reverse remittances from Mexico
November 10, 2009
Affinity Credit Union has been awarded an Innovation Grant for nearly $40,000 from the National Credit Union Foundation to launch a prepaid reload card program specifically designed to serve area Hispanics.- Iowa
A city-commissioned report shows Hispanics have received the most subprime loans of any local ethnic group and criticizes Santa Clarita officials for a lack of fair housing outreach. – California
Workshops for Latino immigrants focus on preventing foreclosure in Sacramento – Preserving and protecting that investment is the focus of a pilot program launched this week to help Mexican and other Latino immigrants in Sacramento and the northern San Joaquin Valley avoid foreclosure
November 9, 2009
Solera National Bank Announces President’s Community Advisory Council
November 7, 2009
WCVI Study Finds Disproportionate Foreclosures in Latino, Black Communities
November 5, 2009
Latino Families’ Fight for Banking Reform
November 2, 2009
Latinos Seek Control of Second Federal Savings in Chicago’s Little Village
October 30, 2009
Foreclosures Too High in Communities of Color
Mexican emigrants sent home $16.4 billion during the first nine months of this year, down 13.4% from the same period in 2008
October 26, 2009
Fields Lost, Hispanic Farmers Find Other Work as a Legal Fight Drags On – (good read)
Credit Where Credit Is Due: How to Reach Hispanics
October 17, 2009
California’s Oldest Latino Bank Celebrates 45 Years – Pan American Bank
October 9, 2009
Citibank Launches Citi Mobile(R) En Espanol
The Bank of America Foundation on Thursday announced $400,000 in donations to two Delaware charities, giving $200,000 apiece to The Food Bank of Delaware and La Esperanza.
October 5, 2009
The San Antonio Hispanic Chamber of Commerce named Eddie Aldrete as its 2009 Corporate Executive of the Year – senior vice president at IBC Bank-San Antonio.
Maria Contreras-Sweet Promotes Los Angeles Development
September 30, 2009
Hispanic Business Magazine Ranking is Latest Diversity Honor for Comerica Bank
The foreclosure crisis has brought a particular set of issues to Latino immigrants in the Kansas City area. Because of language barriers and the lack of a credit history, many immigrants are vulnerable to predatory lenders. They haven’t faced more foreclosures than other groups. But when they do have housing problems, there are a few places where they can turn for help.
Latino homeowners shorn of mortgage interest tax deductions
Vying for a Slice of One State’s Growing Hispanic Consumer Market – North Carolina’s booming Latino population fuels economic growth
September 29, 2009
Puerto Rico’s Doral Bank Burnishes Image
September 24, 2009
Union Bank and KPBS Honor San Diego County Latinos as Local Heroes
September 21, 2009
Foreclosure Crisis Shatters the American Dream for Hispanics
September 17, 2009
Wells Fargo Strikes Gold by Hitching Fortune to Diversity
September 3, 2009
US Merchant Bank Invests in Grupo Prisa
September 2, 2009
Top Retail Banks Improve Outreach to Spanish-Speaking Consumers
September 1, 2009
Veritas Bank, hailed as first Latino community bank in Lawrence, hits rough water – Massachusetts
August 27, 2009
Central America’s development bank says it is freezing credits to Honduras following the June 28 coup that ousted President Manuel Zelaya.
August 24, 2009
Florida Sues Foreclosure “Rescuer” Targeting Hispanics for Fraud – JPB Consulting Inc
August 21, 2009
The recession has made “tandas,” also known as “cundinas,” a traditional savings system, increasingly popular in Arizona’s Hispanic neighborhoods, with technology helping to spread the use of the savings pools.
August 10, 2009
Pan American Bank (Los Angeles) Founder Blazed the Trail for Latino Women in Washington – Romana Acosta Banuelos
August 6, 2009
Pan American Bank (Los Angeles) CEO Jesse Torres to Co-Chair Anti-Money Laundering Chapter – Yahoo! Finance
August 5, 2009
Are any financial companies in Latin America ‘Too Big to Fail’? Three experts share their insights
Hispanic Revenue Opportunity In The Financial Sector – Which Bank is The Most Preferred One?
Americas United Bank, the Largest Hispanic-Owned Bank Based in California, Reports Record Assets at June 30, 2009
August 3, 2009
MADIGAN SUES WELLS FARGO FOR DISCRIMINATORY AND DECEPTIVE MORTGAGE LENDING PRACTICES – Illinois Attorney General Alleges Lender Steered African-Americans, Latinos Into Subprime Loans
July 20, 2009
Fifth Third Bank has launched a marketing campaign tailored to the growing Hispanic population in certain markets. – The campaign is entitled “Las cosas que hacemos por los suenos,” or “The Things We Do for Dreams,” and is expected to run throughout the year in Chicago, Orlando, Tampa, Ft. Myers, Naples, Grand Rapids, and Indianapolis.
July 16, 2009
International Bancshares Corp. (IBC) Ranked Top Hispanic-Owned Bank
July 9, 2009
MILESTONE ACHIEVED AS SEATTLE’S PLAZA BANK CELEBRATES THREE YEARS
June 30, 2009
Bank of America is accused of exploiting Latino immigrant customers – Ex-employees, backed by SEIU, say working-class and immigrant clients are urged to sign up for multiple services that carry high interest rates and fees. BofA denies any wrongdoing.
June 29, 2009
Latino Community Credit Union has been honored by the N.C. Credit Union League for its community service – Durham, North Carolina
June 19, 2009
Wells Fargo Manager Harassed Spanish-Speaking Workers, Lawsuit Says – Arizona
June 16, 2009
BBVA Compass Launches Campaign with strong Hispanic Component
Durham’s Latino Community Credit Union opened a branch office Monday in Garner – the bank’s second branch in Wake County.
June 11, 2009
2 Valley credit unions with Latino ties merge – The Chicanos Por La Causa Federal Credit Union, with one branch and five employees, became a part of MariSol Federal Credit Union effective June 1. – Arizona
June 2, 2009
Solera National Bank Becomes Exclusive Banking Sponsor for Upcoming Speaker Series
May 28, 2009
National Penn Bank Aims to Please Hispanic Population
May 14, 2009
Golden Empire Mortgage Inc., a Bakersfield-based mortgage lender that has an office in Stockton, faces a Federal Trade Commission complaint that it charged Latino customers higher fees than non-Hispanics.
Immigrant Homeownership Proves Resilient in the Face of Slowdown – Boosted by Boom, Rate Virtually Unchanged During Bust
March 24, 2009
Florida Attorney General Bill McCollum on Monday sued a Miami company, alleging the company targets Hispanics facing foreclosure and charges them upfront fees to modify their mortgages. – Lincoln Lending Services LLC
American International Group (AIG) ignited a national firestorm of rage when it shelled out at least $165 million in bonuses to its tainted executives. But what has gotten almost no attention is a big reason that AIG had to stiff the government and everyone else. That’s the role that the company played in the subprime loan racket – a racket that hurt tens of thousands of black and Latino would-be homeowners.
March 14, 2009
Hispanic Banking: The Race Is On
March 11, 2009
A California company wants its customers to feel as comfortable using self-serve money transfer machines as they do using ATMs. San Bruno, Calif.-based Nexxo Financial Corp.’s technology allows immigrants to send money home via automated teller-type machines to bank branches and pickup centers in Latin America.
February 16, 2009
The head of Citigroup’s Mexican bank on Monday denied reports that the troubled U.S. institution plans to sell Banamex to streamline operations and pare losses at home.
January 26, 2009
First Bank is expanding its services to the Latino community by offering two Spanish-language locations in Asheboro beginning Jan. 5. – North Carolina
December 12, 2008
The Latino Community Credit Union will open a second branch in Charlotte on Monday.
December 3, 2008
La revista ‘The Banker’ ha nombrado al Santander ‘Banco del Año’ en América Latina, España, Portugal, Argentina y Uruguay por las habilidades de gestión y la prudente política de riesgos que caracteriza al grupo, informó hoy la entidad que preside Emilio Botín.
November 21, 2008
Solera National Bank Announces Completion of Its First Financing as a Certified Lender for the Business Consortium Fund Loan Guaranty Participation Program – MarketWatch
November 18, 2008
Manolo Sanchez has been appointed president and chief executive officer of Compass Bank, replacing Gary Hegel who has decided to retire
ING EXECUTIVE HONORED FOR MULTICULTURAL LEADERSHIP Portada de Hispanic Target Award Presented to Javier Palomarez of ING
Cinco bancos brasileños, dos mexicanos y dos chilenos figuran en la lista de las 20 instituciones financieras de capital abierto de Estados Unidos y América Latina que obtuvieron las mayores ganancias en el tercer trimestre de 2008, según un estudio divulgado hoy.
November 17, 2008
BBVA Buys Media across Entire Spanish-speaking World
Iowans help credit unions reach Hispanics in Louisiana
Challenges of Running an Ethnic Bank in a Slow Economy The NJBIZ Interview: Raul L. Oseguera
November 12, 2008
TotalBank announced it has kicked off a branding effort with a new bilingual print, radio and online advertising campaign and tagline “Bank with Total Confidence.” The campaign, created and developed by República
Colonial Bank wants to grow Hispanic base
Bronx homeowners and homebuyers are having more trouble obtaining credit than their counterparts in any other borough, with black and Hispanic buyers suffering the worst, according to a new report.
November 11, 2008
Banks face trust issue when courting Hispanics
October 29, 2008
Douglas Crichfield has been named president and CEO of Solera National Bancorp and its subsidiary Solera National Bank, company officials said Wednesday.
October 28, 2008
Study Notes Fewer Loans to Hispanics and Blacks – The number of new mortgages to blacks and Hispanics fell sharply in New York City in 2007, while staying flat for white borrowers and — surprisingly — rising for Asian-Americans
October 23, 2008
Puerto Rico bank to cut US branches, jobs – Popular Inc, the parent of Banco Popular – plans to eliminate more than one-fourth of its 139 US branches and cut its US workforce by 600 – posted a third-quarter loss of $668.5 million, or $2.42 per share
October 8, 2008
Illegal residents but responsible homeowners – Undocumented immigrants who own homes have a lower rate of delinquencies than U.S. citizens, according to various real estate sources.
September 30, 2008
National police launch escort program for Peru bank customers
The fastest-growing segment of U.S. home buyers is also among those facing the greatest risk of foreclosure, two top federal housing officials told a group of Hispanic real-estate professionals meeting in Phoenix this week. – Hispanics
September 29, 2008
El magnate mexicano Carlos Slim, uno de los hombres más ricos del mundo, se asoció el lunes con el gurú del microfinanciamiento, el bangladesí Muhammad Yunus, para ofrecer crédito a las personas más pobres de México.
Wells Fargo Foundation Provides $250,000 Grant to Empower Hispanic Chambers of Commerce
BBU Bank Appoints Rafael Saldana as President & CEO
September 26, 2008
Programs, Banks Working to Bring Hispanics into Financial System
September 25, 2008
In Las Vegas alone, more than 25,000 homes owned by Hispanics have been foreclosed.
September 15, 2008
Commerce Bank of Arizona Vice President to Receive LULAC Community Service Award
September 12, 2008
Loan Originations to Hispanics, African-Americans Fall Sharply – Home purchase loans to Hispanic white and black borrowers fell 49% and 35%, respectively
September 11, 2008
San Francisco Latinos Pick Up Pieces After Foreclosure
September 10, 2008
Comerica Bank Receives A Top Ranking For Diversity Efforts By Hispanic Business Magazine
September 8, 2008
Banco Popular North America, whose push to capture the Hispanic banking market in Chicago has stalled in recent years, is for sale.
September 3, 2008
Solera National Bank to Sponsor Spanish-Language, Small Business Training Course With Agnes Talamantez Carroll & Associates
August 12, 2008
Recently promoted to teller coordinator, Erika Montes, 21, works as a bilingual bank teller for U.S. Bank in Seaside. Montes has worked for the bank for more than a year and a half and is swiftly moving up in the ranks, as well as bringing in more Spanish-speaking customers because of her bilingual skills. – Astoria, Oregon
August 6, 2008
Venezuelan President Hugo Chavez is reportedly ready to offer Banco Santander $1.2 billion for its local unit Banco de Venezuela.
Colombian Central Bank Needs to Restore Credibility, Fitch Says
August 5, 2008
Sixth Branch Of Latino Credit Union Opens In Winston-Salem – Latino Community Credit Union
August 4, 2008
Latino financing group sees big rise in microloan demand – Latino Economic Development Corp in Washington DC
August 3, 2008
Hugo Chavez defies Spain by nationalising Banco Santander
July 27, 2008
Of the other nine startup Latino banks, just one — Americas United of Glendale, Calif. — had more funds, with $89 million. As of this month, Seattle-based Plaza Bank’s assets had grown to $83 million.
July 24, 2008
The only Latino bank in San Diego County officially opened its doors yesterday, and will offer a range of services in a bilingual and bicultural setting. – Vibra Bank
July 17, 2008
Nearly 300 black and Latino New York homeowners are getting a total of about $1 million from a California mortgage company because they were charged more than white customers for loans. – GreenPoint Mortgage bought by Capital One in 2006
Louis Caldera Has No Comment on Failed IndyMac’s Board
July 14, 2008
Mexican bank Banorte not for sale -CEO Valenzuela
Spain’s BBVA Widens U.S. Focus
July 13, 2008
Introducing The First Bi-Cultural Community Bank In The San Diego Area Vibra Bank Successfully Completes IPO – Announces July 23rd Grand Opening
