Tag: Banco Bradesco SA

• Tuesday, May 7th 2019 - 09:09 UTC

  Another Brazilian bank expands into the US to keep competing with rivals

  

  Brazil's Banco Bradesco SA has embarked on its first-ever international acquisition by paying approximately US$ 500 million to buy BAC Florida Bank, which focuses on high-net-worth individuals in a move intended to close the gap with Brazilian rivals.

• Saturday, May 26th 2018 - 08:32 UTC

  Odebrecht begins paying debts and fines following financial agreement

  

  Brazilian conglomerate Odebrecht SA's will use part of a 2.6 billion reais (US$709.96 million) bank loan to repay a loan in arrears with state-controlled bank Banco do Brasil SA, according to sources quoted by Reuters. Under the terms of an agreement announced on Friday, the engineering group, at the center of a corruption scandal, will repay a 100 million reais debt to Banco do Brasil.