Tag Archives: luiz ribeiro

Private banking: Brazil’s locals consolidate and fight for offshore

The hoped-for flows onshore from last year’s amnesty on offshore wealth have failed to materialise, so far. Meanwhile, Citi and HSBC have sold up. So where did a 15% increase in assets under management come from? Paulo Corchaki, head of … Continue reading

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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

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Itau: the real Bank of Brazil?

“In times of crisis investors around the world seek the safe refuge of government bonds, but in Brazil they rush to put their assets in Itaú.” It’s an old line from bankers at the country’s largest private financial institution, but … Continue reading

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