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Tag: ITAU

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 - Interbrand, a global brand consultancy, released its annual ranking of the 25 most valuable brands in Brazil. The first placed was Itaú Bank, with a brand value of R$37.4 (US7.4) billion, followed by fellow...
RIO DE JANEIRO, BRAZIL - On Thursday, November 12th, Itaú Unibanco announced the creation of a new sharing service for electric vehicles, the Vec Itaú. The new solution will allow users to unlock cars at stations throughout the city...
By Jack Arnhold, Contributing Reporter RIO DE JANEIRO, BRAZIL – This Thursday, September 20th, will see the beginning of a week-long celebration for the centenary of one of cinema’s all-time greats, Ingmar Bergman, at the Espaço Itaú de Cinema in...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s largest private bank, Itau Unibanco, announced on Saturday (October 8th) its purchase of Citibank’s retail operation in Brazil for R$710 million (approximately US$220 million). Citibank's retail operation in Brazil...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Although large financial institutions in Brazil, such as Itau, Unibanco and Bradesco registered billion dollar profits last year, the small and medium sized banks in the country are struggling to...
By William Jones, Contributing Reporter RIO DE JANEIRO, BRAZIL – The Brazilian Central Bank has raised interest rates to a two-year high in a bid to control growing inflation. The organ signaled to the country’s banks that it is ready...
Opinion, by Doug Gray, Senior Contributing Reporter RIO DE JANEIRO - Shortly after carnival in the Sendas at Largo do Machado, I witnessed a group of Americans trying unsuccessfully to withdraw money from a huddle of four cash machines by...

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