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Tag: brazil banking industry

RIO DE JANEIRO, BRAZIL - The federal government on Thursday, March 18th, announced the appointment of Fausto de Andrade Ribeiro as the next president of Banco do Brasil, following the not-unexpected resignation of André Brandão, the current president of...
RIO DE JANEIRO, BRAZIL - Consumers in Brazil who can't afford to pay the bill in full will incur annual interest rates of over 300% - as high as 875%, according to the Brazilian Consumer Defense Association (Proteste). In other...
RIO DE JANEIRO, BRAZIL - Nubank, the fourth largest bank in Latin America in stock market value, has announced yet another diversity goal: to have half of its leadership positions filled by women in less than five years. To...
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...

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