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...banks will begin to cut interest rates.But at Santander, where the logic of its broad geographical spread has long been questioned by some investors, the bank’s presence in Latin America — most notably Brazil...
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...Brazil’s presidency did not immediately respond to a request for comment....
...Angelo Duarte, head of the department of competition and financial market structure at the Banco Central do Brasil, says that, while Brazil lagged behind other countries in adopting a fast payment system...
...Joseph and Moise built on the foundations laid by their father in Brazil, developing Banco Safra into a major commercial lender, investment bank — and trusted guardian of the financial secrets of the super-rich...
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...Other economists think Brazil risks acting too quickly....
...Big Middles — Brazil, India, Mexico, etc — are big and stable G20 countries with significant foreign reserves and domestic savings institutions....
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...The banks working for Casino on the sale of the Assai shares are Itaú BBA, BTG Pactual, JPMorgan, Banco Bradesco, Banco Safra and Santander....
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...The scandal was revealed just two weeks after Sérgio Rial, the former head of Santander’s Brazil unit, took the helm at Americanas....
...US-listed shares of Brazil’s state-owned oil company Petrobras were down 5 per cent in early trading, while state-run lender Banco do Brasil fell 3 per cent....
...Casino appointed Itaú BBA, BTG Pactual, JPMorgan, Banco Bradesco, Banco Safra and Santander to work on the divestment. In June, it sold a majority stake in renewable energy business GreenYellow....
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...As the share price plunged, the company became embroiled in a bitter fight with creditors, including Banco Bradesco and investment bank BTG Pactual, which had been forbidden by a Rio court from seizing assets...
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