Category: Brazil

Banco do Brasil, the state-owned bank, is in top form and higly profitable. Now, under new management, Brazil’s biggest bank needs to convince the markets that it still means business.

After seeing many of the international banks quit Brazil, locally owned banks are firmly back in command of South America’s biggest financial services market.

Government Appoints Bank Executive In January Brazilian President Luiz Inácio Lula da Silva appointed Cássio Casseb to the country’s most important banking job as president of Banco do Brasil. The […]

State-owned Banco do Brasil may be the largest bank in Brazil, but it is no slow-moving behemoth. It reaffirmed its reputation for innovation in the capital markets when it became […]

By buying local competitor BBA Creditanstalt, Brazil’s
second-largest private sector bank substantially grows its assets
and gains the talent inside a well-run wholesale
franchise.

The international financial markets have warmed to
Brazilian President-elect Lula’s statement-like pronouncements. But he must impose unpopular austerity measures to keep investors satisfied.

Wortman Joins JP In November, JP Morgan appointed Charles Wortman as the new head of its Brazilian unit. Wortman replaces Patrick Morin, who is leaving JP Morgan after a 31-year career. Morin […]

Following an overwhelming victory, Brazil’s President-elect Luiz Inácio Lula da Silva now must show investors he can control spending and inflation, and continue to pay the
country’s debts.

Brazil’s economic crisis is in full swing, with the currency in free fall and the economy ready to plunge into a severe recession. It seems inevitable that Brazil’s large and […]

Brazil’s new securities regulator, Luiz Leonardo Cantidiano, intends to stamp out cheating and viligilantly monitor corporate reporting. But he also is playing the role as a promoter of the markets, convinced that they can be revived.