Brazilian banking federation burns its fingers with clumsy politics and faces disruption
You would think a high-profile association like the Brazilian Banking Federation (Febraban) would be experienced enough to know when it's...
August 30, 2021Topic
brazil banking industry
Brazil’s government chooses Fausto Ribeiro as Banco do Brasil’s next president
The federal government on Thursday, March 18th, announced the appointment of Fausto de Andrade Ribeiro as the next president of...
March 19, 2021
Usury in most countries: Annual credit card interest rates in Brazil reach up to 875%
Consumers who can' t afford to pay the bill in full will incur annual interest rates of over 300% -...
March 15, 2021
Brazil largest Fintech Nubank plans to hire 3,300 women for parity in leadership
Nubank, the fourth largest bank in Latin America, has announced yet another diversity goal: to have half of its leadership...
March 8, 2021
Bolsonaro suspends tax on diesel to appease truckers, but raises tax on banks
Brazilian President Jair Bolsonaro said on Tuesday, March 2nd, he would suspend a tax on diesel fuel, to try and...
March 2, 2021
Brazil’s Itau Reports Q4 Profit Down 26% on Higher Provisions
Itau Unibanco Holding SA , Brazil’s largest bank, on Monday, February 1st, reported a 26% drop in fourth-quarter recurring net...
February 1, 2021
Brazil´s Nubank Worth US$25 Billion, Now Latin America’s 4th Most Valuable Bank
São Paulo-based Nubank's market value now reaches US$25 billion. To have an idea of the digital bank's growth, in June...
January 29, 2021
Brazil’s BTG Pactual to Expand Push Into Retail Banking
RIO DE JANEIRO, BRAZIL - Latin America's largest independent investment bank Banco BTG Pactual SA plans to launch products from...
January 28, 2021