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Hackers hit Chilean banks again; 2 Brazilian asset managers to merge

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Hackers hit Chilean banks again; 2 Brazilian asset managers to merge

* Chilean banking regulator SBIF reported a new hacking attack against the local banking sector, forcing card issuers to block around 426 payment cards, Diario Financiero reported. Banco Falabella acknowledged being one of the affected banks and said it immediately blocked 48 cards that were compromised.

* Brazilian asset managers Modal Asset Management Ltda. and Flag Asset Management Gestora de Recursos have decided to merge to create a new company called Novus Capital, Valor Econômico reported. Banco Modal SA will hold a minority stake in the new company.

MEXICO AND CENTRAL AMERICA

* Mexican banking and securities commission CNBV will issue before the end of 2018 an anti-corruption guide for the financial sector to address the problem of money laundering, El Economista reported. Financial technology firms will be held to the same standard as banks when it comes to money laundering prevention.

BRAZIL

* Banco do Brasil SA completed a transaction to raise its stake in Argentina's Banco Patagonia SA to 80.39% from 58.97%. Three minority shareholders of Patagonia exercised an option earlier in 2018 to sell their stake to the Brazilian bank in a deal valued at about $202.4 million. The transaction will lower Banco do Brasil's common equity Tier 1 ratio by an estimated 12 basis points, according to a filing.

* Jair Bolsonaro, the leading candidate in upcoming presidential elections in Brazil, was stabbed at a campaign rally on Sept. 6, leaving him in serious condition, Reuters reported. Police confirmed that a suspect is in custody. Bolsonaro's full recovery could take up to two months, and he will remain in a hospital for at least a week, a doctor said.

* Luiz Inácio Lula da Silva, Brazil's jailed former president, is getting ready to cancel his run at the presidency in elections set for October, Reuters reported, citing three party sources. He recently lost two appeals at the Supreme Court to maintain the validity of his candidacy.

* Savings accounts in Brazil registered a net inflow of about 5.86 billion reais in August, the largest positive balance for the month in nominal terms since the central bank started keeping record in 1995, Valor Econômico reported.

* A study released by Banco Nacional de Desenvolvimento Econômico e Social forecasts that investments in Brazil will exceed 1 trillion reais in the period from 2018 through 2021, Folha de S.Paulo reported.

* Brazilian investment funds saw net funding of 12.7 billion reais in August, with inflows reaching 61 billion reais so far in 2018, Valor Econômico reported, citing local financial and capital market association Anbima.

* Brazilian prosecutors have launched an investigation into an alleged data leak at credit bureau Boa Vista SCPC earlier in September, Folha de S.Paulo reported. The breach, which may have affected millions of Brazilians, is also being investigated internally by Boa Vista.

ANDEAN

* Peru's Congress might scrap plans to convert troubled state-run development bank Banco Agropecuario into a new entity called Mi Agro as the proposal seemingly lacks support from legislators, Gestión reported. Members of a congressional committee believe Agrobanco can still be saved and envision a plan under which its delinquent portfolio will be separated from the bank and managed by another entity. Foreign investment funds have reportedly expressed an interest in acquiring the bank's nonperforming portfolio.

* A magnitude 6.3 earthquake hit central Ecuador 58 miles south of the city of Ambato on Sept. 6, Reuters reported, citing the U.S. Geological Survey. The quake injured one person and interrupted power supply in adjacent regions.

SOUTHERN CONE

* Chilean consumer service agency Sernac launched a class-action lawsuit against Itaú CorpBanca, with a group of consumers claiming they were victims of fraud, Diario Financiero reported. The consumers claim they were victims of a variety of fraudulent operations, including unwanted credit approvals and credit card withdrawals, with the amounts reportedly reaching up to 12 million Chilean pesos in some cases.

* Rombo Compañía Financiera SA said Claudio Rogerio Bovo resigned as board chairman for personal reasons.

* The employee union of Chilean insurer HDI Seguros SA could announce a strike for Sept. 10 after failing to reach an agreement with the bank on improved working conditions, Diario Financiero reported. A mediation process between the two sides will end Sept. 7.

* Chilean antitrust court TDLC has ordered Transbank SA, which dominates the country's card payments processing market, to present a new plan to regulate its rates after several pharmaceutical companies complained that they were charged higher rates than supermarkets in the selling of the same products, Diario Financiero reported.

* Chilean financial market commission CMF issued new rules obliging financial institutions to adhere to international standards called PFMI in order to improve the security and efficiency of payment systems, central securities depositories and securities settlement systems. The new requirement takes effect on April 1, 2019.

IN OTHER PARTS OF THE WORLD

* Asia-Pacific: Tokio Marine in South African deal; Chinese i-bank moves closer to Hong Kong IPO

* Middle East & Africa: FirstRand, Sanlam post results; Japan's Tokio Marine sets eyes on South Africa

* Europe: UK's Just Group warns on capital; ex-QBE head in line for Lloyd's of London role

Pablo Jimenez Arandia contributed to this article.

The Daily Dose has an editorial deadline of 8:00 a.m. São Paulo time, and scans news sources published in English, Portuguese and Spanish. Some external links may require a subscription. Links are current as of publication time, and we are not responsible if those links are unavailable later.