Long accused of being too
soft, a U.S. bank regulator has surprised its critics with tough
treatment of scandal-ridden lender Wells Fargo,
culminating on Thursday in more than$58 million in fines against
eight former executives at the bank.
Grupo Financiero Banorte
said on Friday it was expecting the Mexican
economy to recover in 2020, which would help lift its banking
unit after it suffered a drop in net profit during a difficult
Fintech company WEX Inc said on
Friday it would buy payments services providers eNett and Optal
for about $1.7 billion to strengthen its presence in the online
travel bookings market, which is expected to grow at about 9%
Brazil's so-called unicorns,
startups valued above $1 billion, are seen expanding in 2020
beyond the industries that have supplied them so far - large
fintechs, delivery companies and mobility apps, executives said.
Lebanese Finance Minister Ghazi
Wazni will meet with IMF Alternative Executive Director Sami
Geadah on Saturday, a finance ministry statement said on Friday,
as a new government grapples with a spiralling financial crisis.