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Bradesco faces online glitch; Temer eludes corruption trial

* Banco Bradesco SA faced a technical glitch in its transaction systems on Aug. 2 which resulted in customers facing problems with accessing online and branch services, Reuters reported. According to a bank spokesperson, Bradesco's technical personnel are working to restore service.

* The Brazilian lower house of Congress has voted against alleged corruption charges levied on President Michel Temer, Reuters reported. The vote has saved Temer from being tried in Supreme Court.


* Mexico's ABM banking association is now working with the Finance Ministry to design a central database to store biometric data gathered from bank clients in an effort to fight rising identity theft, El Economista reported, citing Banco Nacional de México SA Integrante del Grupo Financiero Banamex CEO Ernesto Torres Cantú.

* Mexico's Banco del Ahorro Nacional y Servicios Financieros S.N.C. has joined the region's development bank association, Asociación Latinoamericana de Instituciones Financieras para el Desarrollo, El Economista reported.

* Guatemala's government has responded to recommendations by the country's banking association to bolster the country's controls against money laundering to make it conform to international standards, El Periodico reported.


* Moody's assigned the Caribbean Development Bank an issuer rating of Aa1 with a stable outlook. The rating action reflects the lender's very high intrinsic financial strength and strength of member support, as well as the relatively weak average credit profile of its borrowers.

* Ansa Merchant Bank Ltd. said Larry Howai was appointed to its board effective Aug. 2, replacing Chip Sa Gomes.


* Judicial recovery requests in Brazil reached 129 incidences in July, down 26.3% compared to the year-ago period, according to credit research firm Serasa Experian. Micro and small companies had 70 requests for judicial recoveries in the month, followed by medium-sized firms with 37 and large companies with 22.

* Bankruptcy filings in Brazil declined 13.2% in July compared to the same month last year, data from credit research firm Boa Vista SCPC showed. For the first seven months of 2017, the indicator fell 12.5%.

* Brazil's state-run Banco Nacional de Desenvolvimento Econômico e Social will be able to raise funds in external markets as it looks to disburse 100 billion reais in credit, CEO Paulo Rabello de Castro reportedly said at an event. According to a Reuters report, the executive said that the company hopes to return to lending around 100 billion reais per year in 2018.

* S&P Global Ratings maintained its CreditWatch Negative listing on the BB/B foreign currency and brAA-/brA-1 local currency ratings of Caixa Econômica Federal. Based on Brazil's outlook, the placement also reflects the risk of a ratings downgrade in the next three months amid more stressed political and economic dynamics, S&P said.

* The Brazilian Congress is planning to resume debate on a pension reform bill in October after President Michel Temer dodged a corruption trial, Reuters reported.

* Brazil said the second round of its tax amnesty program resulted in 1.8 billion reais in revenue being declared from outside the country, Reuters reported, citing a source in the Finance Ministry "on condition of anonymity."

* BTG Pactual Group may sell its entire stake in commodity company Engelhart CTP by the end of 2017, pointing to a potentially faster-than-expected exit from the business, Valor Econômico reported citing CFO and investor relations director João Dantas.

* Brazil's sluggish economic recovery and the need for lenders to clear their balance sheets of bad credit are bolstering BTG Pactual Group's distressed debt unit, Reuters reported, citing bank executives. They told analysts that the unit had helped offset weak quarterly results.

* Banco Central do Brasil posted a net gain of 4.59 billion reais from foreign exchange swap operations from July 1 through July 28, reversing June's loss of 546 million reais, Valor Econômico reported. In July 2016, the swap account registered a gain of 75.56 billion reais. compared to a loss of 89.66 reais billion in 2015.

* Banco ABC Brasil S.A. posted a recurring net income of 107.1 million reais, or 57 centavos per share, for the second quarter, compared to 104.1 million reais, or 62 centavos per share, earned in the year-ago period.


* Moody's upgraded the global local-currency insurance financial strength rating of El Pacífico Peruano Suiza Compañía de Seguros y Reaseguros S.A. to Baa2 from Baa3 and changed its outlook to stable from positive. However, Moody's said it will withdraw the insurer's rating immediately following the ratings action.

* Election service provider Smartmatic said the recent polls for a constituent assembly in Venezuela were rigged. The company, which has provided election technology and support services in Venezuela since 2004, said in a statement, "that the turn out (sic) of the recent election for a National Constituent Assembly was manipulated."

* Colombia filed a prospectus for the potential offering of U.S. dollar-denominated bonds, with a rate of 3.875%, due 2027, Reuters reported.

* Moody's revised its outlook on 12 Bolivian banks to stable from negative, following a similar action on the sovereign's bond rating.

* Banco de Comercio Exterior de Colombia SA – BANCÓLDEX will issue 200 billion Colombian pesos in green bonds on Aug. 9 to finance projects that mitigate climate change impact and improve Colombian companies' environmental performance, Comunicados reported, citing a statement by the bank.

* Peruvian fintech startup Prestamype has launched operations aimed at tapping strong demand for credit from small and medium-sized companies in the Andean nation, El Comercio reported.

* Credicorp Capital Perú expects the Banco Central de Reserva del Perú to reduce its benchmark rate by a further 25 basis points before the end of the year, but does not forecast a cut at the next monetary policy meeting next week, Gestion reported, citing a statement.


* Uruguay will issue $5 billion worth of sovereign debt in the course of 2017 and 2018 as the country faces a widening fiscal deficit, El Cronista reported. Of that amount, $2.25 billion dollars in debt will be issued this year and the remaining $2.75 billion in 2018, as Uruguay requires $3.23 billion in additional financing for 2017 and $3.36 billion for next year.

* Former Chilean president Sebastian Piñera, who is seeking another mandate, vowed to raise government support of poorer pensioners if elected, Reuters reported.

* Moody's said it expects stable overall corporate credit quality in Chile through at least mid-2018 as the country's economy will begin to improve gradually.

* Argentine banks are continuing to tap capital markets for fresh funds, Clarin reported. It said HSBC Argentina had issued negotiable obligations for 1.61 billion pesos while Banco de Galicia y Buenos Aires SA had raised 300 million pesos. Company financing via the country's capital markets had risen 60.6% year-on-year in the first half of 2017, Clarin reported separately, citing a report by the Rosario stock exchange.

* Banco de la República Oriental del Uruguay has agreed to freeze the introduction of new customer service machines at branches for two weeks to allow talks with union leaders opposed to the reform, El Pais reported. Other cost-cutting measures proposed by the bank, including branch closures and the introduction of mini-banks, will also be discussed.

* The Inter-American Development Bank has granted a $50-million loan to Argentina's INDEC statistics agency to improve the quality of fiscal data it produces, El Cronista reported.

* Chile's government wants the country's new banking law to allow the Prosecutor's Office and the Financial Analysis Unit to request access to bank account details, a measure that critics say would be unconstitutional, Diario Financiero reported.


* Beazley named Santiago Jaramillo as engineering focus group leader for the U.S. and Latin America.

* Carlos Vegh, the World Bank's chief economist for Latin America and the Caribbean, said the region's "delicate" fiscal situation is one of its biggest challenges, with 27 of 32 countries running budget deficits last year, El Pais reported. He said high levels of public debt were also a problem.

S&P Global Ratings and S&P Global Market Intelligence are owned by S&P Global Inc.

Helen Popper contributed to this article.

The Daily Dose has an editorial deadline of 8 a.m. São Paulo time, and scans news sources published in English, Portuguese and Spanish. Some external links may require a subscription.