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23.08.25 - 22:51
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Money Wired To Mexico Hits A Decade Low As US Immigration Policies Take Hold (ZeroHedge)
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Money Wired To Mexico Hits A Decade Low As US Immigration Policies Take Hold
Authored by Darlene McCormick Sanchez via The Epoch Times,
The Trump administration's crackdown on illegal immigration is playing a role in the sharpest decline in monthly remittances to Mexico in more than a decade, analysts say.
According to numbers released this month from the Bank of Mexico (Banxico), income from remittances abroad stood at $5.2 billion in June, a 16.2 percent decrease compared with June 2024.
That represents the largest drop in 13 years, according to a report from BBVA Research.
Remittances in 2024 represented approximately 3.4 percent of Mexico's gross domestic product, according to the World Bank.
Remittances are transfers of money earned in the United States to such parties as relatives, friends, or business associates abroad. Ninety-nine percent of the remittances sent in the first half of 2025 were made through electronic funds transfers, according to the BBVA report.
The drop occurred af...
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22.08.25 - 22:18
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AM Best Places Credit Ratings of Auto Club MAPFRE Insurance Company Under Review With Negative Implications (Business Wire)
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OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has placed under review with negative implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Auto Club MAPFRE Insurance Company (ACMIC) (Columbus, OH).
ACMIC's Credit Ratings (ratings) have been placed under review with negative implications due to a decline in the company's surplus and risk-adjusted capitalization as of second-quarter 2025, resulting in negative pressure on the overall balance sheet strength assessment.
ACMIC is evaluating various capital management initiatives to improve its capitalization and balance sheet strength. Management has told AM Best that its commitment to improve the capital position of ACMIC is firm; however, the amount or ultimate timing for these capital improvement strategies planned for 2025, are being analyzed in the context of new business opportunities that have become apparent in recent weeks.
The ratings will remain under review until the execution of t...
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20.08.25 - 22:51
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BBVA Argentina Announces Second Quarter 2025 Financial Results (Business Wire)
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BUENOS AIRES--(BUSINESS WIRE)--Banco BBVA Argentina S.A (NYSE; BYMA; MAE: BBAR; LATIBEX: XBBAR) (“BBVA Argentina” or “BBVA” or “the Bank”) announced today its consolidated results for the second quarter (2Q25), ended on June 30, 2025.
As of January 1, 2020, the Bank started to inform its inflation adjusted results pursuant to IAS 29 reporting. To facilitate comparison, figures of comparable quarters of 2024 and 2025 have been updated according to IAS 29 reporting to reflect the accumulated effect of inflation adjustment for each period up to June 30, 2025.
2Q25 & 1H25 Highlights
BBVA Argentina's inflation-adjusted net income in 2Q25 was $59.6 billion, 31.1% lower than the $86.5 billion reported on the first quarter of 2025 (1Q25), and 62.1% lower than the $157.4 billion reported on the second quarter of 2024 (2Q24). The 6 month accumulated net income for 2025 was $146.1 billion, 31.7% below the $213.8 billion reported in the same period of 2024.
In 2Q25, BBVA Argentina posted an inflation adj...
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15.08.25 - 19:51
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Legence Files Registration Statement for Proposed Initial Public Offering (Business Wire)
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SAN JOSE, Calif.--(BUSINESS WIRE)--Legence Corp. today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the “SEC”) relating to a proposed initial public offering of shares of its Class A common stock. Legence has applied to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol “LGN.” The number of shares to be offered and the price range for the proposed offering have not yet been determined.
Goldman Sachs & Co. LLC and Jefferies are acting as joint lead book-running managers. BofA Securities, Barclays, Morgan Stanley, RBC Capital Markets, SOCIETE GENERALE, BMO Capital Markets, Cantor, Guggenheim Securities, Wolfe | Nomura Alliance, MUFG, Roth Capital Partners, Santander, Stifel, TD Cowen, BTIG and Rothschild & Co are acting as bookrunners, and Blackstone Capital Markets is acting as co-manager for the proposed offering.
The proposed offering will be made available only by means of a prospectus. Co...
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15.08.25 - 00:42
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Circle Announces Pricing of Public Offering (Business Wire)
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NEW YORK--(BUSINESS WIRE)--Circle Internet Group, Inc. (NYSE: CRCL) (“Circle”), a global financial technology company and stablecoin market leader, today announced the pricing of its public offering of 10,000,000 shares of its Class A common stock at a public offering price of $130.00 per share. Circle is offering 2,000,000 shares of Class A common stock and the selling stockholders are offering 8,000,000 shares of Class A common stock. In connection with the offering, Circle has granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of Class A common stock.
The closing of the offering is expected to occur on August 18, 2025, subject to the satisfaction of customary closing conditions.
J.P. Morgan, Citigroup, and Goldman Sachs & Co. LLC are acting as joint lead active bookrunners for the offering. Barclays and Deutsche Bank Securities are acting as bookrunners; and Canaccord Genuity, Needham & Company, Oppenheimer & Co. and Santander are acting as co-managers.
A regi...
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14.08.25 - 19:06
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BBVA Buy (DPA-AFX)
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NEW YORK (dpa-AFX Analyser) - Das Analysehaus Jefferies hat das Kursziel für BBVA von 14,20 auf 17,70 Euro angehoben und die Einstufung auf "Buy" belassen. Angesichts einer branchenführenden Eigenkapitalrendite weise die spanische Großbank nach wie vor ......
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