Moody’s Updates Kapital Bank; Sabadell Resists BBVA Bid

This week in finance news: The Finance Transformation Summit highlighted the evolving role of CFOs, while Moody’s revised Kapital Bank’s outlook following recent acquisitions. Meanwhile, Banco Sabadell strengthened its defense against BBVA’s takeover bid, Mexico approved a MX$10.1 trillion federal budget for 2026, and the Mexican Stock Exchange reached a record 61,000 points amid steady US inflation.

More news below:

Finance Summit Highlights Evolving Role of Modern CFOs

The evolving role of CFOs in Latin America took center stage at the Finance Transformation Summit on Thursday, Sept. 11, where over 150 financial leaders gathered to explore leadership, culture, compliance, and technology. Hosted by The 1% of Financial Leaders under the theme, Time to Rise, the event examined how finance executives can balance technical expertise, human influence, and organizational purpose amid regulatory and technological change.

Moody’s Revises Kapital Bank Outlook, Keeps A-.mx Rating

Moody’s Local México has revised the outlook of Kapital Bank, formerly Autofin, to “Developing” from “Stable” following its recent acquisition of Intercam’s businesses. The agency affirmed the bank’s long-term local currency deposit rating at A-.mx and its short-term deposit rating at ML A-2.mx.

Banco Sabadell Urges Shareholders to Reject BBVA Takeover

Banco Sabadell’s board of directors unanimously recommended that shareholders reject the hostile takeover bid launched by BBVA, increasing pressure on the larger rival to raise its offer. BBVA formally presented its €15.3 billion (US$17.97 billion), aiming to create Spain’s second-largest bank by domestic assets, valued at around €1 trillion. The acceptance period runs until Oct. 7, with results expected on Oct. 14.
 

Mexico’s 2026 Federal Budget Totals MX$10.1 Trillion

Mexico has approved a federal budget of MX$10.19 trillion (US$549 billion) for 2026, according to the Federal Expenditure Budget Bill (PPEF). The plan allocates resources to state-owned enterprises, health and social security institutions, social programs, transfers to states, and debt service, while incorporating measures for fiscal discipline and oversight.

BMV Hits Record 61,000 Points as US Inflation Holds at 2.9%

The benchmark index of the Mexican Stock Exchange (BMV) surpassed 61,000 points for the first time Sep. 11 during early trading, reaching a new record. The S&P/BMV IPC rose 0.74% to 61,130.87 points, while the FTSE BIVA, the main index of the Institutional Stock Exchange (BIVA), gained 1.05% to 1,222.35 points.