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Monthly Archives: December 2016
Brazil extends successful offshore wealth amnesty
Senior private bank professionals in Brazil expect that the extension to the amnesty on undisclosed offshore assets will lead to further inflows – for the government and private banking industry – in 2017. The initial deadline of the end of … Continue reading
Posted in Blog
Tagged Bradesco, brazil, Itau, Joao Winkelmann, luiz ribeiro, offshore, private banking, Rudolf Gshliffner, santander, tax amnesty
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BTG aims downmarket as technology reshapes Brazilian banking
Brazilian investment bank BTG Pactual has launched an internet-only bank that aims to win a 10% share of the R$650 billion ($190 billion) market for managing the money of the affluent retail sector in the country. The brand, BTG Pactual … Continue reading
Posted in Blog
Tagged banks, brazil, BTG Pactual, BTG Pactual Digital, Digital banking, Marcelo Flora, private banking, Roberto Sallouti, wealth management
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Galicia’s Grinenco looks through the regulatory lens
The outside world is still happy to see the market-based reforms in Argentina through rose-tinted glasses, but the country’s banks are battling a poor economy and tough regulatory challenges. Banco Galicia’s chairman, Sergio Grinenco, has a pragmatic view of the … Continue reading
Posted in Blog
Tagged Argentina, banks, Galicia, Grinenco, Macri, prat-Gay, Regulation
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