April 30, 2019 / 9:31 PM / a month ago

Brazil's antitrust watchdog investigates Banco Bradesco for anti-competitive practices

SAO PAULO, April 30 (Reuters) - Brazil’s antitrust watchdog CADE opened an investigation into Banco Bradesco SA for anti-competitive practices against financial startup Guiabolso, according to a CADE statement on Tuesday.

The watchdog said Bradesco may be impeding its clients from connecting Guiabolso’s app to their checking accounts.

Reporting by Carolina Mandl; Editing by Sandra Maler

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