Tag Archives: latin america

Euromoney’s review of global banks: Bradesco

This was the year that Bradesco absorbed HSBC’s Brazilian bank. The deal, valued at R$16 billion ($4.8 billion), added five million current account clients, around 22,000 employees, 851 branches and 448 ‘mini-branches’. However, the bank said it wanted to retain … Continue reading

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UBS rebuilds in Brazil with acquisition of Consenso

The acquisition by UBS of a majority stake in Consenso, Brazil’s largest multi-family office, is a significant step in the Swiss bank’s growth strategy in the country. Since 2010, UBS has been plotting its return in Brazil, following its sale … Continue reading

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Bradesco BBI aims to become regional investment bank

Bradesco BBI is aiming to become a regional investment bank in Latin America over the next couple of years, according to its managing director Leandro Miranda. Leandro Miranda, Bradesco BBI Miranda, who has headed Bradesco’s investment banking unit since late … Continue reading

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UBS spies inflection point for EM banks’ valuations

Emerging market (EM) banks could be on the verge of outperformance due to a structural improvement in both COE and the return on that equity, according to new research from UBS. Recent falls in COE – and signs that a … Continue reading

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Argentina moves to promote private banking

Argentina wants to bring in regulations that will encourage Latin America’s private bankers to register to operate in the country. The country’s securities commission, the CNV, is proposing to create a new financial classification of ‘global investment adviser agent’ (agente … Continue reading

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Peña presses on as Paraguay outperforms

This year Paraguay is marking the 100th anniversary of the birth of one of its most famous writers, Augusto Roa Bastos, who once described his landlocked country as: “An island surrounded by land”. The small Latin American country, with a … Continue reading

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Paraguay to focus on trade at IDB

Paraguay’s minister of finance, Santiago Peña, says that he expects the recent shift to the right in the politics of Mercosur’s two largest member countries to lead the organization to refocus on its economic mission at the expense of broader … Continue reading

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