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- JGB Bank owner buys HSBC’s South American division
The owner of Doral-based JGB Bank has agreed to purchase control of HSBC Holdings’ South American operations for $400 million, according to multiple media reports.
Grupo Gilinski, led by Colombian banker Jaime Gilinski, had its GNB Sudameris agree to buy the HSBC operations in Colombia, Uruguay, Peru and Paraguay. The deal for the 62 branches and $4.4 billion in assets should close in the first quarter of 2013.
Gilinski’s JGB Bank is a separate entity from his South American bank, and it is...
- Young man sought in Colombia bombing
 Colombian investigators are seeking a man between 17 and 20 years old they suspect is the bomber who killed two bodyguards of a conservative former interior minister and injured 39 people in a busy commercial district of Bogota.
- NIH clinical trial scheduled for drug to prevent Alzheimer's
A landmark clinical trial testing a new drug designed to prevent Alzheimer's, using subjects genetically guaranteed to develop the disease, is set to begin, conducted by the National Institutes of Health, the New York Times reported Tuesday.
Most of the participants in the study come from the largest family in the world to experience Alzheimer's Disease, an extended clan of 5,000 individuals who live in Medellín, Colombia, and remote mountain villages outside the South American city.
- Bomb targeting former Colombian minister kills two
 BOGOTA (Reuters) - In a rare attack in Colombia's capital, a bomb targeting a former interior minister tore through his car near the city's financial district on Tuesday, killing the driver and a police escort. The Andean country has battled left-wing guerrillas, right-wing paramilitary groups and drug lords for decades, but a campaign against the Revolutionary Armed Forces of Colombia (FARC) and the demobilization of paramilitaries fighting them has reduced violence in recent years. ...
- U.S.-Colombia trade agreement goes into effect
U.S. Trade Representative Ron Kirk celebrated the trade promotion agreement between the United States and Colombia, saying that American businesses should benefit from increased business opportunities. The agreement went into effect on May 15.
“Today, the historic U.S.-Colombia trade agreement is in effect. It brings benefits to businesses of every size in both of our countries,” says Kirk. “This is good news for U.S. entrepreneurs, workers, farmers, ranchers, manufacturers, and service providers...
- Bogota hit by deadly explosion
An explosion reportedly targeting a politician in the Colombian capital Bogota kills at least five people and injures dozens more.
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