Tag: Banco do Brazil

• Wednesday, April 24th 2019 - 09:01 UTC

  Four Brazilian banks under investigation on competition issues

  

  Brazil’s antitrust watchdog Cade is investigating four banks in the country for allegedly creating competition hurdles to digital banking newcomer Nubank, the watchdog said in a statement on Monday.

• Wednesday, May 18th 2016 - 06:01 UTC

  Orthodox economist Goldfajn confirmed as Brazil's central bank governor

  

  Brazil's interim government on Tuesday confirmed the lead economist of the country's largest private bank to head the central bank, in a further shift away from the interventionist policies that many blame for deep recession and near double-digit inflation.

• Thursday, December 27th 2012 - 05:49 UTC

  China’s Industrial and Commercial bank, authorized to open a branch in Brazil

  

  The Industrial and Commercial Bank of China Ltd, the world's largest lender by market value, got the green light from Brazilian regulators to operate a subsidiary in the Latin America's largest economy, the lender said on Wednesday. Brazil's central bank approved the license on Dec 19.

• Friday, December 14th 2012 - 07:36 UTC

  Banco do Brasil expects to open its first commercial branch in China early 2013

  

  Government owned and the largest in the country in assets, Banco do Brasil received this week approval from China’s regulator to open a commercial branch in the country which is Brazil’s main trading partner.

• Monday, May 28th 2012 - 19:56 UTC

  Santander denies plans to divest from Brazil; affiliate represents 30% of the group’s profits

  

  Spain’s leading bank Santander denied any plan to sell its Brazilian affiliate full or partly, as was published in the Sao Paulo media following discussions with Bradesco, another top listed Brazilian bank.

• Thursday, June 16th 2011 - 13:26 UTC

  Banco do Brasil plans to expand into Chile, Peru and Colombia

  

  Banco do Brasil, Latin America’s biggest bank by assets, is considering buying lenders in Colombia, Peru and Chile to attract corporate clients and increase business with Brazilian companies in the region. Last month the bank announced the reopening of its branch in Montevideo, Uruguay.

• Monday, May 30th 2011 - 02:39 UTC

  Latam’s largest bank has requested to operate in Uruguay as commercial bank

  

  Banco do Brasil, Latin America’s largest financial institution has requested a licence to operate in Uruguay as a commercial bank according to the Brazilian government’s news agency.

• Tuesday, April 26th 2011 - 01:46 UTC

  Banco do Brasil moves into the US and buys Florida based bank

  

  Latin America's largest bank by assets, Brazil's government-controlled Banco do Brasil will invest 25 million US dollars in its newly acquired U.S. operations as it continues to roll out its international expansion plan. The announcement follows the signing on Monday of a contract to buy Florida based EuroBank for 6 million US dollars.

• Tuesday, September 7th 2010 - 05:42 UTC

  Analysts and government forecast Brazilian economy set to expand 7.3% in 2010

  

  Analysts covering Brazil’s economy raised their forecast for GDP growth this year to 7.34%, according to a central bank survey. Economists held their 2011 economic growth forecast unchanged at 4.5%, according to the median estimate in a survey of 100 analysts taken September 3 and published Monday.

• Wednesday, August 11th 2010 - 06:07 UTC

  Two leading Brazilian banks join to expand operations in Africa

  

  Two leading Brazilian banks have agreed to acquire stakes in BES Africa, a holding company belonging to Portugal’s biggest publicly traded bank that makes investments in Africa.