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.
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.
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.
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.
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.
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.
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.