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12 results for “Brazil bank

Bolsonaro Challenger Flávio Bolsonaro Under Investigation in Major Brazil Bank Scandal
PROPoliticsSep 18

Bolsonaro Challenger Flávio Bolsonaro Under Investigation in Major Brazil Bank Scandal

Presidential candidate and Senator Flávio Bolsonaro is under Federal Police investigation for alleged corruption and money laundering linked to the collapsed Banco Master.

Brazil Banker Cites STF Crisis to Challenge Detention, Exposing Deep Judicial Governance Risk
PoliticsSep 18

Brazil Banker Cites STF Crisis to Challenge Detention, Exposing Deep Judicial Governance Risk

The defense for ex-banker Daniel Vorcaro is using the high-profile feud between Supreme Court Justices to argue for his release, highlighting institutional instability in Brazil's judiciary.

Brazil Banks Warn: Fiscal Plan Essential Post-Election to Avoid 20% Rates
PoliticsSep 13

Brazil Banks Warn: Fiscal Plan Essential Post-Election to Avoid 20% Rates

Investment banks warn that Brazil's next president must deliver a strict budget plan to prevent interest rates from soaring to 20% amid rising debt.

Supreme Court and Central Bank Integrity Rocked by Brazil's Banco Master Corruption Scandal
PROPoliticsSep 11

Supreme Court and Central Bank Integrity Rocked by Brazil's Banco Master Corruption Scandal

Federal Police reports exposed an alleged influence-peddling scheme linking failed Banco Master owner Daniel Vorcaro, Central Bank officials, and the family of STF Justice Alexandre de Moraes.

Global Fintech Revolut Hires Former Economy Minister Paulo Guedes to Advise on Brazil Banking License Bid
PROSmall CapsSep 10

Global Fintech Revolut Hires Former Economy Minister Paulo Guedes to Advise on Brazil Banking License Bid

Fintech giant Revolut has appointed former Brazilian Economy Minister Paulo Guedes to its new advisory board, a strategic move aimed at securing a full banking license and intensifying competition with local digital banks.

Supreme Court Intervenes in R$6.6 Billion Brazil State Bank Bailout Amid Massive Fraud Scandal
PROPoliticsAug 20

Supreme Court Intervenes in R$6.6 Billion Brazil State Bank Bailout Amid Massive Fraud Scandal

STF Minister Luiz Fux is mediating a rescue plan for state-owned Banco de Brasília (BRB) after its exposure to the Banco Master fraud.

Itaú Unibanco Receives Key Preliminary U.S. Approval to Launch National Bank
InvestingAug 18

Itaú Unibanco Receives Key Preliminary U.S. Approval to Launch National Bank

Brazil's largest private bank, Itaú Unibanco, has secured conditional OCC approval to form 'Itaú Bank,' expanding its U.S. services.

Brazil Locks INSS Payroll Loan Cap at 1.85% Until Selic Hits 10.5%
PROPoliticsAug 04

Brazil Locks INSS Payroll Loan Cap at 1.85% Until Selic Hits 10.5%

Decision stabilizes credit margins for major Brazil banks like Itaú and Bradesco, tying future rate cuts to aggressive BCB easing.

Santander Brasil Q2 Profit Drops 17.6% on Provision Surge, Pulling Down Brazil Bank Stocks
MarketsJul 30

Santander Brasil Q2 Profit Drops 17.6% on Provision Surge, Pulling Down Brazil Bank Stocks

Santander Brasil (SANB11) missed Q2 consensus with R$3.01B net income as loan-loss provisions spiked 20.6%, signaling broad credit risk.

Brazil Fintech Lobby Zetta Seeks Truce With Febraban
TechJul 22

Brazil Fintech Lobby Zetta Seeks Truce With Febraban

Fintech lobby Zetta advocates for closer ties with traditional banking association Febraban as Nubank secures a banking license and joins both groups.

Fintech Lobby Zetta Signals Strategic Truce with Febraban
TechJul 22

Fintech Lobby Zetta Signals Strategic Truce with Febraban

Brazil's digital finance association Zetta seeks closer institutional ties with banking lobby Febraban to align on security, easing compliance friction.

BBAS3 Dividend Cuts Squeeze Yield Seekers as Agribusiness Defaults Rise
MarketsJun 28

BBAS3 Dividend Cuts Squeeze Yield Seekers as Agribusiness Defaults Rise

Banco do Brasil (BBAS3) slashes its dividend payout ratio to 30% for 2026 amid rising agricultural defaults, prompting income investors to reallocate capital.