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Tag: Brazil Financial industry

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 - The announcement, made on Wednesday, January 20th, is in line with the financial market's expectations, despite inflationary pressures. It is the third consecutive time that the collegiate body has decided to maintain the level...
RIO DE JANEJRO, BRAZIL - Brazil’s new bankruptcy law could lower recovery prospects for the debt of speculative-grade Latin American corporates and incentivize distressed issuers to negotiate pre-packaged arrangements in lieu of in-court restructurings, says Fitch Ratings. The method of...
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 - Of the approximately R$150(US$29) billion that the fund industry raised in 2020, roughly one-third was directed to global products, according to ANBIMA. The reduction of the Selic rate to 2% per year was arguably the...

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