Tag: Brazilian banks

• Thursday, June 6th 2019 - 09:56 UTC

  Banks making too much money, “more competition is needed” blasts Brazilian economy minister

  

  Brazilian banks are chalking up “excessive” profits, Economy Minister Paulo Guedes said, adding that the country needs an injection of competition to end what he called the cartels that dominate many of its major sectors.

• 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, February 7th 2018 - 09:56 UTC

  Brazil's second largest private bank names new CEO in a major shakeup

  

  Banco Bradesco SA, Brazil's second-largest private-sector lender, appointed a new chief executive who told journalists that demand for credit has already improved in the first month of 2018. Octavio Lazari, 54, head of Bradesco's insurance unit, was appointed as the bank's next CEO amid a broader management shakeup with younger executives joining the board and upper management ranks to tackle increasing competition from all-digital banks.

• Monday, October 8th 2012 - 06:26 UTC

  Brazilian banks have room “to cut consumer lending rates in half”

  

  Brazilian banks have room to cut consumer lending rates in half, Brazil's Finance Minister Guido Mantega said in remarks published this weekend in the O Globo newspaper.