trending Market Intelligence /marketintelligence/en/news-insights/trending/aFEgX_jWX6vAri0SCwwJEQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Best of the Web

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory


Best of the Web

Venezuela's upcoming bond payments have investors on edge; Argentine banks look to get more value out of cashiers; and the performance of right-wing governments in Latin America leaves much to be desired.

Please note that some links may require registration or a subscription.

Wall Street sees 'existential crisis' as Venezuela payday nears

Investors in Venezuelan bonds are set for a "wild ride" as the cash-strapped government nears deadlines for $3.5 billion in debt payments over the coming weeks, Ben Bartenstein reports for Bloomberg News. The stakes are higher than usual as the upcoming due dates have no grace periods, unlike previous amortizations in which the state was granted considerable flexibility in order to evade a default. The government has struggled to honor its debt commitments in recent months, with an increasing number of global financial institutions refusing to do business with Venezuela's maligned regime. Making matters worse is the fact that some of the debt is backed by a majority stake in U.S. refiner Citgo Holding. Investors fear that any delay in the payments might result in an accidental default, while "a few ruthless hedge funds may seek to trigger a credit event in order to get their hands on Citgo."

Banks encourage their cashiers to also be product sellers

Banks are teaching their cashiers how to build business amid a declining number of branch-visiting customers, Mariano Gorodisch writes for El Cronista. As a banker notes, operations in traditional branches have "dropped exponentially" due to the advent of digital channels, which has even prompted some banks to reduce the size of its branches. And with cashiers serving fewer customers than before, they are now assigned alternative roles, including product selling, so that "they can have a commercial role, adapt to the current times and occupy their time better." The additional set of business skills will also help branch employees to survive especially at a time when automation is replacing people in operational roles, Gorodisch notes.

Why are Latin America's right-wing governments struggling?

Right-wing governments have gained greater acceptance in Latin America in recent years, but have struggled to deliver on their promises following the end of the region's export commodity boom, says Americas Quarterly columnist Patricio Navia. Voters have shunned left-wing incumbents at the polls, hoping that their successors will respond to rising social needs and demand for higher government spending. However, tough fiscal situations and, in some cases, an opposition-controlled congress, have limited the ability of right-wing administrations to institute change. "The stakes are clear: Latin American people believe that left-wing governments were good at distributing the wealth generated in the years of the fatty cows, but they have yet to be convinced that right-wing governments can provide solutions in the years of skinny cows," Navia writes.

The BCRA notes a defeat in its battle against the use of cash

Demand for cash in Argentina has grown, eluding the central bank's target of reducing dependency on banknotes and coins by promoting electronic means of payment, Florencia Donovan reports for La Nacion. Current assets held by the public grew month over month in end-September, a period when a sharp decline in the usage of cash is usually observed. The central bank has a hunch that the rise in the demand for cash could be due to the growth of construction, which is a highly informal sector. The phenomenon could also be caused by the "wallet effect," in which the issuance of major denominations, such as the 200- and 500-peso bills, has encouraged the use of cash.