Tag Archives: Bradesco

Citi pulls out of more LatAm markets

Citi has confirmed it is to exit retail banking in Brazil, Colombia and Argentina in a further round of retrenchment from the region – with these latest three joining six other regional businesses sold in the past two years. The … Continue reading

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Brazil Banking: Bradesco bouyant, HSBC on the back foot

Bradesco’s senior management is reported to be delighted with the price paid for HSBC Brazil, despite its final bid having been more than expected. Meanwhile, the UK-based universal bank faces obstacles in its claims to be able to continue to … Continue reading

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Is Bradesco in the frame for HSBC Brazil?

Brazil’s retail banking market could be about to consolidate into the hands of local players, as international participants struggle with poor economic performance and growing regulatory demands. A report by Fitch Ratings in February showed that foreign-owned banks’ participation is … Continue reading

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Bram targets US after Japan’s appetite wanes

Bradesco Asset Management (Bram) has established a US subsidiary and has begun to build relationships with distribution managers in the US and Canada to sell Bram’s proprietary funds to north American institutional investors. Despite outflows from emerging markets funds in recent … Continue reading

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Brazilian retail banks: a positive credit story

The Brazilian government wants a lower interest rate environment. It rightly identifies high debt interest as a burden to growth in consumption, investment and GDP. Taking advantage of the global slowdown it has aggressively lowered its Selic – which now … Continue reading

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