Brazil banks

Brazil’s Financial Morning Call for Friday, June 26, 2026

Ibovespa climbs past 172,000 and the dollar slips below 5.20 reais after softer Brazilian inflation and an in-line US reading...

June 26, 2026

Brazil’s Banks Turn to Mexico After US Brands Its Gangs Terrorists

Brazil banks quietly called Mexican peers after Washington labeled PCC and CV terrorists—one compliance slip could sever their access to...

June 22, 2026

Fitch Cuts Outlook on Brazil’s Banks to ‘Deteriorating’

Fitch cut its outlook on Brazil banks to "deteriorating" from "neutral," citing weaker asset quality and political risk, alongside Colombia...

June 13, 2026

Brazil’s Nubank to target market value of more than US$50 billion with IPO in New York

Nubank will seek a valuation of more than USD$50 billion with its expected initial public offering on the New York...

November 1, 2021

Brazil banks post 10% drop in revenue, yet prove resilient in pandemic

As a result of the economic crisis triggered by Covid-19, and yet Brazilian banks once again showed resilience, as in...

October 21, 2021

After Billion-reais Investment, Brazilian Unicorn C6 Bank Faces First Image Challenge

It was still 2020, early December, when a group of 40 investors, led by Credit Suisse, invested R$1.3 billion (US$240...

January 22, 2021

Itaú Made R$1 Million Duplicate Transfers Using PIX, Sues Banks to Recover Funds

A dispute among Brazil's largest banks could be the PIX's first judicial "trial by fire", the Central Bank's (BC) new...

January 21, 2021

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

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