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Tag: Banco do Brasil

RIO DE JANEIRO, BRAZIL - Banco do Brasil posted an adjusted net income of R$3.695 billion (US$684 million) in the fourth quarter 2020, down 20.1% compared to the same period in 2019. Compared to the third quarter, there was...
RIO DE JANEIRO, BRAZIL -The Ministry of Communications has announced that Banco do Brasil branches will be part of a government program to expand Internet access. Some of the institution's branches will be provided with free Wi-Fi, with the...
RIO DE JANEIRO, BRAZIL - State-controlled Banco do Brasil SA has resumed the process to sell its asset management unit, known as BB DTVM, three people with knowledge of the matter said on Friday, January 22nd. The state-controlled bank told...
RIO DE JANEIRO, BRAZIL - A dispute among Brazil's largest banks could be the first judicial "trial by fire" of PIX, the Central Bank's (BC) new instant payment system. Case documents, released by the Cointelegraph website, show that in November...
RIO DE JANEIRO, BRAZIL - In a statement sent to investors, the institution announced that it will close 361 branches and offices, as well as resizing the workforce with voluntary severance packages (VSP). Membership is expected to decrease 5,000...
RIO DE JANEIRO, BRAZIL - Banco do Brasil (BB) has announced the sale of 1,404 properties with discounts that could reach 70%. This offer includes houses and apartments at prices ranging from R$15,000 to R$21.7 million. The sales campaign is...
RIO DE JANEIRO, BRAZIL - Brazilian banks with investments abroad are experiencing a race for dollars this year. Institutions with branches abroad will spend some US$30 billion to settle exchange protection contracts by 2022. This event should impact the dollar's...
By Harold Emert RIO DE JANEIRO, BRAZIL - One of the largest banks in Latin America, established 211 years ago by Brazil's future Emperor Dom Pedro I, Banco do Brasil (BB), could be up for sale or merger with the...
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – The Brazilian government has announced plans to privatize or sell off approximately one hundred state-controlled companies including subsidiaries of Banco do Brasil, Caixa Economica and Petrobras. The goal of...

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