Tag: banks

RIO DE JANEIRO, BRAZIL - Never has so much been said about the Stock Exchange in Brazil. With real interest rates (which discount inflation) close to zero, investing in stocks has become the talk at the bar. It may seem...
RIO DE JANEIRO, BRAZIL - Major Brazilian banks will have to accelerate the pace of spending cuts this year to cope with tight financial margins, according to an analysis by Moody's. The rating agency points out that the economic recovery...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – As part of its fight against corruption, Brazil’s Central Bank (CB) announced on Wednesday (June 28th) it was reformulating its regulation for large cash bank withdrawals. The decision comes a...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s largest private bank, Itau Unibanco, announced on Saturday (October 8th) its purchase of Citibank’s retail operation in Brazil for R$710 million (approximately US$220 million). Citibank's retail operation in Brazil...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – After eleven rounds of negotiations, bank employees from most institutions decided to suspend the 31-day-old strike on Thursday, October 6th, and go back to work already on Friday, October 7th....
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The nationwide strike by bank employees in Brazil entered its thirtieth day on Tuesday, October 4th, with both sides refusing to revise their positions. The strike is the longest in...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – A nationwide strike by bank employees in Brazil entered its 24th day on Thursday, September 29th, with negotiations halted as neither side has retracted from their demands. The strike is...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – A nationwide bank strike in Brazil entered its sixteenth day on Thursday, with no end to the negotiations in sight. With almost 14,000 branches and forty administrative centers closed, strikers...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Bank employees in at least fifteen states and the capital, Brasilia, started a strike on Tuesday, September 6th, for an indefinite period of time, after salary negotiations stalled between bank...

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