Tag: Santander
-
HSBC Brazil will be the last bank acquisition opportunity in the country
The purchase of HSBC by one of the three largest private banks in the country will probably represent the last large bank acquisition opportunity in Brazil. In terms of concentration, the union of HSBC mainly with Itaú Unibanco or Bradesco will make the banking concentration reach levels that are already considered a yellow sign by…
-
Race for HSBC Brazil: Bradesco is ahead with an offer of US$ 3.4 Billion
HSBC confirmed on Tuesday that will leave Brazil and Turkey, in a restructuring plan that will eliminate 50,000 jobs worldwide. In the dispute by the British bank business portfolio in Brazil, Bradesco took the lead with an offer of $ 3.4 billion by the British bank, ahead of Santander and Itaú Unibanco. HSBC is one of…
-
Billionaire Court Win for Santander Brasil
Santander Brasil announced yesterday (3) that it won a cause of R$ 4.8 billion in court that will provide an extraordinary profit in the second quarter. With all that money positively affecting its balance sheet, the bank took the opportunity to announce an extra provision of R $ 1.6 billion. Much of this additional provision should…