Business + Banking Hispanic y Latino News & Info (Noticias)
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
November 7, 2009
WCVI Study Finds Disproportionate Foreclosures in Latino, Black Communities
November 2, 2009
Latinos Seek Control of Second Federal Savings in Chicago’s Little Village
October 30, 2009
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 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.
September 30, 2009
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 24, 2009
Union Bank and KPBS Honor San Diego County Latinos as Local Heroes
September 17, 2009
Wells Fargo Strikes Gold by Hitching Fortune to Diversity
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 24, 2009
Florida Sues Foreclosure “Rescuer” Targeting Hispanics for Fraud – JPB Consulting Inc
August 10, 2009
Pan American Bank (Los Angeles) Founder Blazed the Trail for Latino Women in Washington – Romana Acosta Banuelos
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
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
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.
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
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
September 30, 2008
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
September 26, 2008
Programs, Banks Working to Bring Hispanics into Financial System
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 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 6, 2008
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 9, 2008
MasterCard Launches New U.S. Hispanic Marketing Campaign
June 24, 2008
Mexican investors eye Spain’s Banco Popular
June 19, 2008
Solera Bank teams with Countrywide
June 12, 2008
NATIONAL COUNCIL OF LA RAZA AND WACHOVIA LAUNCH $16.25 MILLION PARTNERSHIP TO ADVANCE ECONOMIC DEVELOPMENT IN U.S. LATINO COMMUNITIES
June 4, 2008
What is the market for remittance insurance? Three experts share their insights.
Mexican microlender in deal with Oxxo corner stores
Massachusetts sues H & R Block over its mortgage unit’s lending practices – The complaint alleges that the sub-prime division discriminated against black and Latino borrowers.
June 2, 2008
Did You Know? For every $1 that white American families save, a black or Latino family, on average, is only able to set aside 18 cents. The mortgage meltdown is having a devastating effect all across, but especially for people of color. It might strip as much as $213 billion in assets from black and Latino households, according to a recent study by the nonprofit group United for a Fair Economy.
May 22, 2008
Fewer immigrants in Lee send money to Latin America – Florida – “The implications are massive”
April 14, 2008
City National Promotes Salvador Mendoza to Senior Vice President, Community Reinvestment – Los Angeles
Texas State Bank retains Anita Santiago Advertising for Hispanic & general market
Innovative approaches to the Hispanic Retail Banking Market – CMG Partners
April 9, 2008
TransferOrbit Releases Product for Banks to Service Latino Market
March 26, 2008
Oklahoma immigration bill will cost state – according to a new study by the Oklahoma Bankers Association
March 24, 2008
Latinos form new lender in Seattle
Did You Know? Dallas has some of the highest rates of foreclosures in the country, and Texas is among the states with the highest share of subprime loans, according to the Consumer Federation of America. A good chunk of those loans in Dallas — about 22% — were made to Latinos.
March 9, 2008
Banks Springing Up to Serve the Underserved – AT first glance Raleigh, N.C., may not seem like a logical place to open a Latino-oriented bank. After all, Raleigh is not a city like Los Angeles, for instance, where more than 47 percent of the population is Hispanic.
March 5, 2008
Bank Seeks to Widen Base Beyond Latinos – Security One Changing Name, Leaders – Washington DC
February 4, 2008
Anita Santiago Advertising Named Hispanic Agency of Record by Compass Bank
“There’s been a tremendous impact in Oklahoma City,” said David Castillo, the executive director of the Greater Oklahoma City Hispanic Chamber of Commerce. “We’ve had several companies close shop and leave the state. Banks have called us and say they’re closing 30 accounts per week.” – Due to Oklahoma’s new law
January 10, 2008
First National Bank’s Centro Latino de Educacion Financiera Helps Immigrant Population Learn American Banking System – Omaha
December 14, 2007
Reliant lures top Hispanic banker from SunTrust – New Nolensville branch will target diverse market, small business owners in South Nashville
December 13, 2007
Latino credit union lands $5.5M, will add branches – North Carolina
December 12, 2007
Bank of America Offers Online Banking Services en Espanol to Better Serve Hispanic Customers
December 11, 2007
New bank targets Latinos in South Bronx – Hispanic MPR
December 3, 2007
Santa Ana bank opens to serve Hispanic businesses
November 19, 2007
Undocumented immigrants afraid of using U.S. banks
November 11, 2007
Legal and Illegal, Welcome – Small Banks for Latinos Move Into the Void, Serve a Hungry Market
November 6, 2007
Spanish banks to penetrate U.S. market
November 1, 2007
New Study Shows Bank of America Worst on Locating Bank Branches in Majority Minority Neighborhoods, Lending More Mortgages to Whites than African Americans, Latinos
Bank aids Latinos in financial management and home ownership – Kansas City
October 29, 2007
Mexico’s Banorte eyes second Texas bank acquisition
October 24, 2007
IBC Bank launches bilingual wireless banking service
October 23, 2007
A Pillar of the Local Hispanic Community Joins Americas United Bank’s Board of Directors – Raul Porto
October 15, 2007
A strong performance in Latin America helps offset Citi’s declines in the United States. An in-depth look at the bank’s LatAm operations and outlook.
The Spanish bank BBVA seeks to persuade investors it is on the right track
Libertad Bank Adds New Directors as Growth Accelerates – Doubles in size during first eight months of 2007
October 4, 2007
Banco Popular Celebrates 114 Years of Service With More Than Half a Million Dollars Awarded to Community Organizations
October 1, 2007
Wells Fargo Foundation Awards $200,000 Grant to United States Hispanic Chamber of Commerce Foundation
September 30, 2007
TomatoBank Targets Latino Customers, Opens Chula Vista Branch – New Name Fruity, But Carries High Name Recognition
Orlandi Valuta Now Offering Money-Transfer Services at Over 1,000 Additional Agent Locations in Central, South America
September 20, 2007
Comerica Bank named one of the Top Ten companies in diversity by Hispanic Business Magazine
September 18, 2007
Solera National Bancorp Completes IPO; Raises Over $22 Million
September 13, 2007
US lenders charge higher rates to black and Hispanic borrowers
August 29, 2007
Arkansas bank takes Mexican IDs, joining other banking chains
Did You Know? The Mexican central bank estimates that money transfers into the country have risen 0.6% so far this year, compared with a robust 15% increase last year and 21% the year prior
August 20, 2007
Appalachian Bancshares Inc. Launches Service in Dalton, Georgia
August 9, 2007
Countrywide Bank Names New Head of CRA Lending – Mary Salinas Duron
August 1, 2007
Banco Popular Supports Veterans Small Business Dreams and Entrepreneurship Launching Popular Patriots Loan Program
Promerica Bank Approved for SBA Express Loan Program
July 25, 2007
Citigroup, Banco de Chile partnership seen hiking competition in Chile – Moodys
Latino access to banks promoted – New Orleans
Wal-Mart: Mexico’s New Bank
July 24, 2007
BAC Florida Bank Appoints Joaquin Arguello As New Senior Vice President To Lead Bank’s Domestic Banking Division
July 23, 2007
Texas bank named a top U.S. Hispanic business – International Bancshares Corp
July 17, 2007
Wells Fargo Launches Enhanced Remittance Service; Offers Zero Dollar Transaction Fee
BankIPO.com Client – Solera National Bank IO Nears Completion of Capital Raise Campaign
July 11, 2007
Spain’s Banco Popular to buy U.S. TotalBank for $300 mln
July 10, 2007
New bank caters to Hispanics – BancoBuenaVentura – between Santa Barbara and Los Angeles
July 1, 2007
Latino banks see revenue potential – North Carolina
June 28, 2007
Commercebank hosts Cuban Night at Dolphin Stadium
June 24, 2007
Millions do without bank accounts – (tend to be minorities – several Hispanics quoted)
June 21, 2007
Pacific Financial Lending Adds Bi-Lingual Director of Sales for Collections Department
Mercantile Buys Interest in Solera
