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MercoPress, en Español

Montevideo, March 20th 2025 - 22:26 UTC

Tag: Banco de la Nación Argentina

  • Wednesday, February 26th 2025 - 18:54 UTC

    Judge reverses Milei's decree turning BNA into a corporation

    Milei exceeded his authority when deciding on the BNA's fate after the matter had already been debated in Congress, the magistrate found

    Argentine Federal Judge Alejo Ramos Padilla issued an injunction against President Javier Milei's decree paving the way for the conversion of the state-owned Banco de la Nación Argentina (BNA or just “Banco Nación”) into a joint stock company because such a measure needed Congressional approval given that the bank's creation and structure fall under legislative authority.

  • Tuesday, April 9th 2024 - 21:01 UTC

    HSBC leaving Argentina to pursue other interests

    Galicia is better positioned to invest and grow the business, HSBC's CEO said in a statement

    Global banking giant HSBC Tuesday announced it was selling its Argentine operations to Grupo Financiero Galicia for US$ 550 million after deciding to leave the South American country to focus on operations in Asia as the new business strategy. The total transfer process could take about 12 months as some regulatory approvals are still needed.