Regulation of cryptocurrencies in the U.S. may speed up the process in Brazil
US President Joe Biden signed an unprecedented decree regulating cryptocurrencies in early March. This decree will serve as a guideline
March 31, 2022Topic
Brazil Financial industry
Clara fintech, new Mexican unicorn, starts operations in Brazil
Mexican fintech Clara announced that it received a Series B financing round for US$70 million, reaching a valuation of US$1...
December 7, 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
Brazil Central Bank Maintains SELIC Rate at 2% per Year, Lowest in History
The announcement, made on Wednesday, January 20th, is in line with the financial market's expectations, despite inflationary pressures. It is...
January 21, 2021
New Brazilian Bankruptcy Law Is Risk to Corporate Recoveries, Says Fitch Ratings
Brazil’s new bankruptcy law could lower recovery prospects for the debt of speculative-grade Latin American corporates and incentivize distressed issuers...
January 21, 2021![Banco do Brasil.jpeg]](https://www.riotimesonline.com/wp-content/uploads/2021/01/Banco-do-Brasil.jpeg.jpg)
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
With Low Interest and Higher Offer, International Funds Grow Share in Brazilian Market
Of the approximately R$150(US$29) billion that the fund industry raised in 2020, roughly one-third was directed to global products, according...
December 26, 2020