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Tag: brazil finance industry

RIO DE JANEIRO, BRAZIL - The Brazilian Central Bank approved a capital increase of R$791.397 (about US$139) million in J.P. Morgan's Brazilian operations. The capital of the bank itself increased from R$2.875 billion to R$3.5 billion. The capital of...
RIO DE JANEIRO, BRAZIL - U.S. bank J.P. Morgan has acquired a 40% stake in Brazilian digital bank C6 Bank for an undisclosed amount. Founded in 2019 by former BTG executives, C6 has more than 7 million customers and...
RIO DE JANEIRO, BRAZIL - The Febraban Bank Technology Survey, released Thursday morning, shows that banks in Brazil invested R$25.7 (US$5) billion in technology last year, an 8% growth over 2019 Investments in software increased 15% in 2020, to R$14.4...
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...
RIO DE JANEIRO, BRAZIL - Brazil's Itaú Unibanco is an institution, a pillar of solidity. And not only in Brazil. But in the midst of a very disruptive scenario for the banking sector, even this giant needs to reinvent itself. At...
RIO DE JANEIRO, BRAZIL - Brazilian bank Banco BTG Pactual SA has acquired a minority stake in asset manager and wealth management platform Perfin, the lender said on Monday. Perfin, which has R$21 billion (US$4.11 billion) under custody, is likely...
RIO DE JANEIRO, BRAZIL - Nubank has closed two extensions of the Series G investment made earlier this year, which total US$750 million. The amount is almost double the US$400 million raised in the February investment round. The largest investor...
RIO DE JANEIRO, BRAZIL - The São Paulo stock exchange index rose this Friday by 0.96% and reached a new historical maximum by closing at 125,561 points, boosted by the shares of the state-owned oil company Petrobras and the...
RIO DE JANEIRO, BRAZIL - Brazilian B3 Stock Exchange, recorded a 14.6% drop in the average daily trading volume in April, compared to March. In the sum of the spot market, forward, options, and futures, an average of R$32.3...

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