Tag: brazil banking industry
RIO DE JANEIRO, BRAZIL - Brazilian President Jair Bolsonaro said on Tuesday, March 2nd, he would suspend a tax on diesel fuel, to try and placate truckers, but the government would instead hike taxes on banks to offset lost...
RIO DE JANEIRO, BRAZIL - Itau Unibanco Holding SA , Brazil’s largest bank, on Monday, February 1st, reported a 26% drop in fourth-quarter recurring net income from a year earlier, roughly in line with analysts’ estimates.
In a statement, Itau’s...
RIO DE JANEIRO, BRAZIL - São Paulo-based Nubank's market value now reaches US$25 billion. To have an idea of the digital bank's growth, in June 2019 it was valued at US$10 billion.
As a result, Nubank has become the fourth...
RIO DE JANEIRO, BRAZIL - Latin America's largest independent investment bank Banco BTG Pactual SA plans to launch products from credit cards to mortgages, as it intensifies a push into the consumer space, said Rodrigo Cury, BTG's digital retail...
