Bloomberg Global banks’ withdrawal from Latin America since the global financial crisis could undermine domestic banking systems just as the region requires substantial funding to ignite economic growth, according to a report from the International Monetary Fund. Brazil’s Banco Bradesco SA in July announced the $5.2 billion purchase of HSBC Holdings Plc’s local retail unit, raising concern in the local ...

AFP Groupon, the daily deals ecommerce operator which has been struggling since a hot public share offering, said it received a $250 million investment from a private investment fund. Groupon said it would use the cash infusion from Atairos to boost share repurchases and to revive growth. “Our partnership with Atairos will help accelerate our transformation while better positioning us ...

AFP Wall Street stocks opened modestly lower on Monday as Virgin America surged more than 40 percent on news it agreed to be acquired by Alaska Airlines in a $4 billion deal. Five minutes into trade, the Dow Jones Industrial Average stood at 17.771.20, down 21.55 points (0.12 percent). The broad-based S&P 500 shed 2.76 (0.13 percent) to 2,070.02, while ...