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By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – State-owned Banco do Brasil announced on Monday, November 21st, it will restructure its operations, closing branches, expanding digital service, reducing working hours and launching an incentive retirement plan. According to...
By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL - The Conselho Deliberativo do Fundo de Amparo ao Trabalhador (CODEFAT, Deliberative Council of the Worker Support Fund) approved yesterday (May 9th) the creation of a $5 billion line of credit...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Bank employees all over Brazil started a strike on Tuesday, October 6th, for an indefinite period of time, after salary negotiations stalled last week. Negotiations between bank workers unions and...
By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL - On Tuesday, June 9th, HSBC bank announced it intends to terminate its activities in Brazil and Turkey, but plans to keep a stake in Brazil to serve large corporate clients....
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Bank workers’ unions announced Thursday night they have called for a nationwide strike on Tuesday, September 30th for an undetermined period of time. The unions rejected the salary increase proposed...
By Stephanie Foden, Contributing Reporter SALVADOR, BRAZIL – Procuring a home equity loan with Caixa Econômica Federal, Latin America’s second largest government-owned bank (after Banco do Brasil), has become easier now that the institution has reshaped and rebranded its line...
By Kristen Nozell, Contributing Reporter RIO DE JANEIRO, BRAZIL- A bank workers' strike that lasted twenty-three days finally came to a close on Friday in the majority of the country with bank employees returning to work on Monday following their decision...
By Matthew Elliott, Contributing Reporter RIO DE JANEIRO, BRAZIL - The nationwide strike of bank employees completed one week yesterday and continues to intensify amid peaceful protests in several cities. Strategic bases, like call centers, have also participated in the...
By Ben Tavener, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Brazil’s Banco Central (Central Bank, BC) has reduced its compulsory reserve requirements for the country’s banks, freeing up some R$30 billion (US$15 billion) of the R$380 billion (US$189 billion)...
By Stephen Eisenhammer, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL - Bradesco is in the final stages of acquiring the Brazilian subsidiary of Spanish bank Santander, according to a report published in O Globo Sunday. Both banks have strongly denied...
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