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Tag: Bradesco

RIO DE JANEIRO, BRAZIL - Less than a month ago, Santander Brasil had about 65% of its administrative workers back in the offices, contrasting with its two biggest rivals, Bradesco and Itaú Unibanco, which continued to have almost all...
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 - 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...
By Reuters RIO DE JANEIRO, BRAZIL - Brazil's antitrust watchdog CADE opened an investigation into Banco Bradesco SA for anti-competitive practices against financial startup Guiabolso, according to a CADE statement on Tuesday. The watchdog said Bradesco may be impeding its clients...
By Sarah Brown, Contributing Reporter RIO DE JANEIRO, BRAZIL - The Árvore de Natal da Lagoa (The Lagoa Christmas Tree) has long been an iconic and festive symbol in the lead up to Christmas in Rio de Janeiro. Yet for...
By Nelson Belen, Contributing Reporter RIO DE JANEIRO, BRAZIL - On Monday, October 3rd, the day after Brazil’s municipal elections, the U.S. dollar fell to its lowest level since August earlier this year, closing at R$3.206/US$1, a decline of R$0.046...
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 Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s second largest private bank, Bradesco, has announced it has purchased HSBC’s operations in Brazil for R$17.6 billion (US$5.186 billion). Although the purchase will include most of HSBC’s business in...

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