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...However, Goldfajn — as a former head of Brazil’s central bank and ex-chief economist of Latin America’s biggest lender, Itaú Unibanco — said his past experience made him “always fearful of financial tightening...
...In a statement of intent, Maffra said the company aimed to roughly double its share to reach the level of Itaú Unibanco, the region’s largest banking and financial conglomerate, which he estimated was at...
...Unibanco, and Walter Schalka, CEO of pulp and paper giant Suzano....
...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....
...Unibanco, and Natália Dias, chief executive of Standard Bank....
...In the financial sector, Itaú Unibanco announced the first results of its project with Palo Alto-based QC Ware....
...It has since built a sizeable pool of retail deposits in Brazil, where the market is highly profitable and heavily concentrated among behemoths such as Itaú Unibanco, Bradesco and Santander....
...At the top end of the new price range, it will raise $2.6bn at a valuation of $41.5bn. That is still steep and would make Nubank worth more than the country’s top lender, Itaú Unibanco....
...Analysts at Itaú Unibanco estimate that the decision to expel Russia from MSCI’s emerging markets index could lead to up to $2.1bn in additional inflows, as investors that track the index redeploy funds...
...Nubank’s initial market capitalisation of $41.5bn will be higher than Brazil’s biggest traditional bank, Itaú Unibanco, making the start-up founded in 2013 the continent’s most valuable listed financial...
...However, even this would still be higher than that of Brazil’s biggest traditional lender, Itaú Unibanco....
...Nubank’s initial market capitalisation of $41.5bn was higher than Brazil’s biggest traditional bank, Itaú Unibanco, making the start-up founded in 2013 the continent’s most valuable listed financial institution...
...Credit Suisse and Itaú Unibanco, Brazil’s largest lender, forecast a contraction next year of 0.5 per cent. “Covid is not our main problem any more. Our main problem now is inflation....
...That would make Nubank more valuable than the country’s top lender, Itaú Unibanco. It would also imply some extreme earnings expectations....
...The target price range of $10 to $11 per share would give a market capitalisation of between $46bn and $50.6bn if achieved, higher than that of Brazil’s largest traditional lender, Itaú Unibanco....
...This is also pressuring the currency,” said Júlia Gottlieb, an economist at local bank Itaú Unibanco....
...The implied market capitalisation would even eclipse that of Brazil’s biggest private sector lender, Itaú Unibanco....
...They were purchased and donated to Brazil’s public health system by a group of companies including Petrobras, Vale, Engie, Itaú Unibanco, Klabin and Raízen....
...The chief executive of the country’s biggest private sector bank, Itaú Unibanco, puts a positive gloss on what he describes as “a fierce scenario” when it comes to competition “The Brazilian banking sector...
...For many of the signatories, which included Roberto Setúbal and Pedro Moreira Salles, the co-chairs of Itaú Unibanco’s board, and José Olympio Pereira, the president of Credit Suisse in Brazil, the letter...
...According to Refinitiv data, four of the five banks leading managers’ rankings in terms of deal volume are domestic: Itaú Unibanco, BTG Pactual, Banco Bradesco and XP. The fifth is Bank of America....
...-19 pandemic chalked up 28 IPOs last year — the biggest number since 2007’s all-time record of 64....
...About $1bn of purchases within the past month included stakes in PagSeguro, a digital payments company, brewer Ambev and Itaú Unibanco....
...That is no small feat in a country where the banking system remains concentrated into five big banks: three listed groups, Itaú Unibanco, Banco Santander and Bradesco, plus state-controlled Banco do Brasil...
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