Edition:
United Kingdom

Carolina Mandl

How SoftBank is putting its stamp on LatAm's venture capital scene

14 Nov 2019

SAO PAULO SoftBank , whose $5 billion (£3.91 billion) Latin America fund has showered regional startups with cash, is also courting local venture capital funds, an unusual move for the Japanese investor that has jolted the region's tech scene.

Brazil's Bradesco to spin off digital bank Next by March 2020

13 Nov 2019

SAO PAULO Brazil's second largest private sector lender Banco Bradesco SA will spin off its digital bank Next by March 2020, chief executive Octavio de Lazari told analysts on Wednesday.

Brazil's BNDES hiring banks to sell at least $1.2 billion in JBS shares: sources

12 Nov 2019

SAO PAULO Brazilian development bank BNDES has asked banks for proposals to sell a stake worth 5 billion reais ($1.2 billion) in meatpacker JBS SA , sources with knowledge of the matter said.

SoftBank-backed Banco Inter launches app linking clients to stores

08 Nov 2019

SAO PAULO Brazilian mid-sized lender Banco Inter SA on Thursday launched a smartphone app offering clients direct access to more than 60 stores selling products from appliances to sneakers to beauty products.

UBS says Brazil joint venture to help offset global pressure on fees

07 Nov 2019

SAO PAULO A newly announced joint-venture by UBS Group AG and Banco do Brasil SA will help the Swiss bank offset global pressure on investment banking fees, UBS' co-head of investment banking Rob Karofsky told journalists on Thursday.

UPDATE 1-Banco do Brasil's profit jumps and sets higher target

07 Nov 2019

SAO PAULO, Nov 7 Banco do Brasil SA on Thursday posted a 33.5% rise in third-quarter profit helped by higher consumer lending and fee income.

BTG Pactual to expand loan book in Chile, Colombia

05 Nov 2019

SAO PAULO Banco BTG Pactual SA , Latin America's largest independent investment bank, plans to boost lending outside Brazil to offset growing domestic competition as the economy improves, Chief Financial Officer Joao Dantas said on Tuesday.

World News

Prince Andrew halts public duties over sex scandal

Britain's Prince Andrew stepped down from public duties on Wednesday, saying the controversy surrounding his "ill-judged" association with late U.S. financier Jeffrey Epstein had caused major disruption to the royal family's work.