As mentioned in this blog on November, 10th, Brazil’s banking system is bracing itself for a wave of consolidation. The last announcement came yesterday as Banco do Brasil, the country’s top state-controlled bank announced it will spend US$2.3 billion to buy a 71.3 percent share in Banco Nossa Caixa SA, owned by the Sao Paulo [...]
Posts Tagged ‘Brazil’s Economy’
New massive banking merger in Brazil, this time on state-controlled banks
Posted in Banks, Brazil's Economy, tagged assets, Banco do Brasil, banking, Bradesco, Brazil, Brazil's Economy, consolidation, financial markets, global player, Itau, joint-venture, merger, New York Times, Nossa Caixa, public bank, Unibanco on November 21, 2008 | Leave a Comment »
Banks in Brazil: prepare for a wave of consolidation
Posted in Brazil's Economy, tagged banking, Brazil's Economy, consolidation, credit crunch, economic crisis, economic stability, Itau, Nossa Caixa, recession, South America, Unibanco on November 10, 2008 | 1 Comment »
Still about the banking situation in Brazil, news come out everyday about new joint-ventures including heavy weights on the public sector – ie. Nossa Caixa and Banco do Brasil. The Financial Times gave a note about the consolidation process running at full throttle in the country. Brazil’s banks are preparing for a wave of consolidation [...]
No recession in Brazil, as finance minister announces new credit lines
Posted in Brazil's Economy, tagged Brazil, Brazil's Economy, consumption, credit crunch, credit lines, crisis, exports, Finance Minister, growth, Guido Mantega, liquidity crunch, recession, Risk, South America on October 31, 2008 | Leave a Comment »
Brazil is perhaps one of the few countries in the world that hasn’t been talking about recession. The R word is not being mentioned in any of the large newspapers in the country. Moreover, Brazil’s economic team will unveil new credit measures for exporters suffering the consequences of the liquidity crunch. “For now, activity levels [...]
Brazil’s top banks report large profits
Posted in Brazil's Economy, tagged Bradesco, Brazil, Brazil's banks, Brazil's Economy, Brazilian real, crisis, financial markets, Itau, meltdown, private sector banks, profits, strong, turmoil on October 27, 2008 | Leave a Comment »
Fresh news from Reuters reveal that the Brazilian banks are in extremely good shape, thank you very much… Brazil’s two largest private-sector banks reported strong third-quarter earnings on Monday and said they would continue to take advantage of the current market turmoil to snap up loan portfolios from smaller rivals in distress. Banco Bradesco (BBDC4.SA: [...]
DFG Monitor: Brazil’s economy is resilient to the global financial crisis
Posted in Brazil's Economy, tagged Brazil's Economy, Brazilian banks, Brookings Institution, credit contraction, credit crunch, crisis, defense equipment, downturn, financial markets, Mauricio Cárdenas, petrochemicals, re-industrialization strategy, resilient, RGE Monitor, solid economy, steel on October 22, 2008 | Leave a Comment »
“There are good reasons (…) to believe that Brazil’s economy is resilient to the global financial crisis”. This was the conclusion of Mauricio Cárdenas, Senior Fellow and Director of the Latin America Initiative at Brookings Institution, in an articled published on RGE Monitor. Holding a Ph.D. in economics from the University of California, the analyst [...]
Eric Farnsworth: Brazil Rising
Posted in Brazil's Economy, tagged Brazil's Economy, BRIC, Business in Brazil, Council of the Americas, energy security, Eric Farnsworth, Iran's nuclear program, Poder Magazine, South America, trade negociations, United States on October 2, 2008 | Leave a Comment »
Business in Brazil – Eric Farnsworth, Vice President of the Council of the Americas, has produced a special report for the October issue of Poder Magazine called Brazil Rising.
