Tag: Caixa

• 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.

• Tuesday, February 19th 2019 - 08:33 UTC

  Citigroup poised to boost revenue as advisor of Brazilian public asset sales

  

  Citigroup Inc expects to boost annual revenue in Brazil over the next years by advising potential public asset sales and through a revival in capital markets, its chief executive officer in Brazil told journalists on Monday. Marcelo Marangon said Citi expects its annual revenue in Brazil to grow to US$1.5 billion from US$1.1 billion over the next years. He did not specify a timeframe for the goal.

• Monday, June 18th 2018 - 08:17 UTC

  Several serious charges await for Temer when he steps down from office

  

  Brazilian President Michel Temer has denied charges that he instigated the payment of hush money to former Chamber of Deputies Speaker Eduardo Cunha, a Planalto statement said. The statement was made after the Federal Police delivered the final report of the investigations into a fraud scheme in credit released by state-owned bank Caixa from 2011 to 2013.

• Tuesday, July 4th 2017 - 02:25 UTC

  Former Temer aide arrested for obstructing corruption investigation

  

  Geddel Vieira Lima, a former Secretary of Government of President Michel Temer's, was placed under preventive arrest on Monday over a loan that state-owned bank Caixa Econômica Federal handed over to meat, finance and real estate firms between 2011 and 2013, it was announced.