Banco do Brasil

Banco do Brasil to Close 361 Branches and Release 5,000 Staff

In a statement sent to investors, the institution announced that it will close 361 branches and offices, as well as...

January 12, 2021

Banco do Brasil to Sell 1,404 Repossessed Properties at Large Discounts

Banco do Brasil (BB) has announced the sale of 1,404 properties with discounts that could reach 70%. This offer includes...

January 6, 2021

Brazilian Banks Must Purchase Some US$30 Billion in Foreign Currency by Year-end

Brazilian banks with investments abroad are experiencing a race for dollars this year. Institutions with branches abroad will spend some...

December 26, 2020

Is Bank of America Looking to Buy or Merge With Banco do Brasil?

By Harold Emert RIO DE JANEIRO, BRAZIL - One of the largest banks in Latin America, established 211 years ago...

May 21, 2019

Brazil Pledges to Privatize 100 State-Controlled Companies

The Brazilian government has announced plans to privatize or sell off approximately one hundred state-controlled companies including subsidiaries of Banco...

January 9, 2019

Banco do Brasil Starts Financial Transactions Service by WhatsApp

By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL - Customers of Banco do Brasil (BB) can now make financial...

October 11, 2018

Lava Jato Investigation in Brazil Targets Ex-CEO of Petrobras and BB

This morning, Thursday July 27th, the Federal Police in Brazil arrested Aldemir Bendine, former head of Petrobras and Banco do...

July 27, 2017

Brazil’s Banco do Brasil Announces Major Restructuring

Measures include closing branches, reducing working hours and launching an incentive retirement plan to save more than R$3 billion.

November 22, 2016

CCBB-Rio Screens Brazilian Films with English Subtitles

Continuing through August 22nd, the Do Brasil Para o Mundo (From Brasil to The World) film festival features screenings of...

August 8, 2016