Home Tags Financial institutions

Tag: financial institutions

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Although large financial institutions in Brazil, such as Itau, Unibanco and Bradesco registered billion dollar profits last year, the small and medium sized banks in the country are struggling to...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s second largest private bank, Bradesco, has announced it has purchased HSBC’s operations in Brazil for R$17.6 billion (US$5.186 billion). Although the purchase will include most of HSBC’s business in...
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 – The Brazilian government announced this past week it would be increasing financial institutions’ taxes over net profits from fifteen percent to twenty percent, hoping to raise an additional R$3-4 billion...
- Advertisement -

STAY CONNECTED

25,994FansLike
5,321FollowersFollow
5,378FollowersFollow

LATEST NEWS

WEATHER

Rio de Janeiro, Brazil
clear sky
27 ° C
27 °
27 °
83 %
3.1kmh
0 %
Wed
35 °
Thu
33 °
Fri
31 °
Sat
33 °
Sun
34 °

CURRENCY

BRL - Brazilian Real
USD
3.2209
GBP
4.4920
EUR
3.9453
CAD
2.5805
AUD
2.5677