Here’s a quick news round up, about the largest merger in the Brazilian banking history. Itau and Unibanco have announced a joint-venture yesterday creating the largest bank in Latin America – arguably the first major banking player in Latin America – combining about $260 billion in assets. The new Itau-Unibanco has also already announced investments [...]
Posts Tagged ‘Financial Times’
Brazilian merger creates largest bank in South America
Posted in Brazil's Economy, Business, tagged AFP, banking, Brazil, credit crunch, crisis, Financial Times, Itau, joint-venture, Latin America, media, Mercosur, merger, The New York Times, The Wall Street Journal, Unibanco, washington post on November 4, 2008 | Leave a Comment »
FT: Brazil’s low exposure may dilute turmoil
Posted in Brazil's Economy, tagged borrowing, Brazil, Brazilian subprime, chaos, credit, credit crunch, crisis, Financial Times, growth, investment, stability, turmoil, Votorantim on October 17, 2008 | Leave a Comment »
Excellente article from the Financial Times: At Fábio Marangoni’s printing works in São Paulo, pages of glossy magazines emerge almost silently from modern printing presses imported from Germany. Asked how much he borrowed to install the presses, Mr Marangoni replies with an air of self-satisfaction. “Nothing,” he says. “We used our own capital.” His family-owned [...]
