Nic Wirtz, Author at Global Finance Magazine

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Economics, Policy & Regulation

United States: Plan For Remittance Tax Sparks Global Concerns

A proposed 3.5% remittance tax on money sent from the US to noncitizens abroad has sent shockwaves through countries that rely on international transfers.

Technology

Latin America: Leading World Financial Innovation

By concentrating on financial inclusion, Latin America shows other parts of the world how to navigate testing times.

Technology

El Salvador Now Offering Digital Assets

El Salvador’s Stock Exchange (BVES) is the first in Latin America to offer digital assets. Digital Exchange, BVES’ digital arm,...

Banking

Scotiabank Pullback Signals Global Banking Shift Away From Latin America

With its exit from Central America and Colombia, Scotiabank follows the trend of international banks retreating amid rising compliance costs...

Banking

CIBC Completes Asset Sale In The Caribbean

After more than three years, CIBC Caribbean wrapped up its segment of a groupwide efficiency drive last month with the...

Economics, Policy & Regulation

El Salvador Alters Bitcoin Policy

El Salvador’s heralded adoption of Bitcoin as legal tender appears to be undergoing a significant downgrade as businesses are no...

Banking

Banco Davivienda Gains Slice Of Scotiabank’s Operations

Banco Davivienda has taken over Scotiabank’s operations in Colombia, Costa Rica and Panama in exchange for a 20% stake in...

Economics, Policy & Regulation

EU And Mercosur Agree On Trade Partnership

The European Union and four Mercosur Countries—Argentina, Brazil, Paraguay and Uruguay—have agreed to a bilateral trade deal in principle. Following...

Award Winners

World’s Best Private Banks 2025: Caribbean & Central America

Banking app adoption rises by more than 50% in some markets. Banking in Central America and the Caribbean continues consolidating,...

Economics, Policy & Regulation

Mexico: New President Pledges To ‘Fix’ Pemex

Mexico’s new President Claudia Sheinbaum announced measures last month to steady the finances of the state-owned oil company Pemex, which...

Banking

Davivienda Considers Assets Of Scotiabank In Colombia

Banco Davivienda of Grupo Bolívar is reportedly working on a deal with Scotiabank for their Colombia and Central America assets....

Economics, Policy & Regulation

El Salvador: Historic Debt-For-Nature Swap

El Salvador took advantage of September’s bumper national debt sales to refinance its external debt through a special purpose entity...