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Carolina Mandl

Itaú and StanChart launch blockchain platform for loans in Latin America

03 Dec 2018

SAO PAULO Banks Itaú Unibanco Holding SA and Standard Chartered have partnered to develop a blockchain-based platform for small syndicated loans, both companies said on Monday in a statement.

UPDATE 1-Brazil's Odebrecht working to renegotiate debt with banks -sources

30 Nov 2018

SAO PAULO, Nov 29 Brazilian construction conglomerate Odebrecht SA is working with local restructuring firm RK Partners to renegotiate a portion of its bank debt, four sources with knowledge of the matter said on Thursday.

Brazil's Odebrecht working to extend maturities on bank debt- sources

29 Nov 2018

SAO PAULO, Nov 29 Brazilian construction conglomerate Odebrecht SA is working with local restructuring firm RK Partners to renegotiate a portion of its banking debt, three sources with knowledge of the matter said on Thursday.

Brazil's XP Investimentos mulling Nasdaq IPO

26 Nov 2018

RIO DE JANEIRO Brazil's XP Investimentos SA is considering an initial public offering (IPO) on the U.S.-based Nasdaq stock exchange, the financial services firm said on Monday.

Brazil's Minerva hires BTG, JPMorgan to manage IPO of Chilean unit -sources

20 Nov 2018

Nov 19 Brazilian meatpacker Minerva SA has hired Banco BTG Pactual SA and JPMorgan Chase & Co as coordinators for the initial public offering of its international unit Athena Food in Chile, two people with knowledge of the matter said.

UPDATE 1-Bradesco CEO says Brazil banks to deliver proposal to cut loan rates

13 Nov 2018

NEW YORK, Nov 13 Brazil's main banking lobby is going to deliver proposals aimed at reducing loan interest rates to President-elect Jair Bolsonaro once he is inaugurated in January, Bradesco's Chief Executive Octavio de Lazari told Reuters on Tuesday.

UPDATE 2-Banco do Brasil CEO says bank ready to resume loan growth

08 Nov 2018

SAO PAULO, Nov 8 State-controlled Banco do Brasil SA is likely to see stronger loan book growth, increase fee income above inflation and keep operating expenses in line with inflation in 2018, the bank's executives said on Thursday.

Post-election, Brazilian companies move to sell shares, refinance debt

02 Nov 2018

SAO PAULO Brazilian companies are again looking to raise capital by selling shares or refinancing debt as the pre-election uncertainty that put such dealmaking into a deep freeze gives way to optimism after the selection of market-friendly candidate Jair Bolsonaro as president, five people familiar with the matter told Reuters.

UPDATE 4-Banco Bradesco expects to raise ex-HSBC Brazil clients profitability

01 Nov 2018

SAO PAULO, Nov 1 Banco Bradesco SA, Brazil's second-largest private lender, expects to boost the profitability next year of retail clients acquired in its purchase of the local unit of HSBC Holdings Plc, Chief Executive Octavio de Lazari said on Thursday.

UPDATE 4-Shares in Santander Brasil drop as bank posted lower margin

31 Oct 2018

SAO PAULO, Oct 31 Shares of Banco Santander Brasil SA were down 6 percent in Wednesday afternoon trading after analysts said the bank's quarterly results showed some signs of weakness in the third-quarter in spite of a higher-than-expected profit.

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