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 ‘merger’
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 »
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 »
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 [...]
