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Tag: Brazil banks

RIO DE JANEIRO, BRAZIL - It was still 2020, early December, when a group of 40 investors, led by Credit Suisse, invested R$1.3 billion (US$240 million) in C6 Bank. Another Brazilian unicorn was born. A Unicorn is a company in...
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 - 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...
RIO DE JANEIRO, BRAZIL - With the increase in digital practices because of the pandemic, a trend has gained momentum among the country's three largest private banks: the closure of bank branches. In 2020 alone, around 1,000 in-person service points...
By Stephen Eisenhammer, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL - Bradesco is in the final stages of acquiring the Brazilian subsidiary of Spanish bank Santander, according to a report published in O Globo Sunday. Both banks have strongly denied...

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