Banco do Brasil and World Bank ready cooperation on $400 million for Amazon recovery
BRASILIA (Reuters) – Brazilian state-run Banco do Brasil and the World Bank signed a memorandum of understanding on Tuesday on a $400 million credit line for sustainable agriculture and the restoration of…
Lula to announce Petrobras, Banco do Brasil, Caixa CEOs on Friday -Haddad
BRASILIA (Reuters) -Brazil’s President-elect Luiz Inacio Lula da Silva will announce the new chief executives of state-run oil company Petrobras, state-controlled lender Banco do Brasil and state lender Caixa Economica Federal on…
ECB ups Banco BPM’s core capital ratio threshold to 8.7% from 8.5%
MILAN (Reuters) – The European Central Bank has raised the minimum core capital requirement at Banco BPM to 8.70% for next year compared with 8.52% at present, Italy’s third-largest bank said on…
Brazil’s Banco Safra buys Alfa financial conglomerate for $192 million
By Tatiana Bautzer SAO PAULO (Reuters) – Brazilian bank Banco Safra acquired control of financial conglomerate Alfa for 1.03 billion reais ($192.2 million), the bank said in a statement late on Wednesday.…
FORMER BANCO POPULAR EMPLOYEE SENTENCED TO 12 MONTHS FOR FRAUDULENT USE OF ATM CARDS
St. Thomas, VI – United States Attorney Delia L. Smith announced today that Natasha Seetaram, 39, of St. Thomas, was sentenced by Chief District Judge Robert Molloy to 12 months and one…
Banco BPM lower loan writedown, revenue rise land profit beat
MILAN -Italy’s Banco BPM posted a higher-than-expected first-quarter net profit on Thursday, helped by a combination of higher revenues and lower loan writedowns. Banco BPM, which is Italy’s third-largest bank, said its…
UniCredit’s Banco BPM bid plan stymied by Ukraine crisis, sources say
By Pamela Barbaglia LONDON – UniCredit has paused efforts to buy Banco BPM after losing more than a fifth of its value since Russia invaded Ukraine, two sources close to the matter…
Banco do Brasil sees 2022 profit up 24%
By Carolina Mandl SAO PAULO – Brazilian state-controlled lender Banco do Brasil SA said in a filing on Monday that its 2022 net income is likely to rise by up to 23.7%…
Banco BPM focused on growing as a standalone lender, CEO says
PARMA, Italy – Banco BPM is focused on growth opportunities as a standalone lender, the head of Italy’s third-largest bank said on Saturday, a day after renewed speculation that larger rival UniCredit…
Italy’s Banco BPM has no information about potential UniCredit bid – source
MILAN – Italy’s Banco BPM has not received any information about a possible bid from bigger rival UniCredit, a source close to the bank said on Friday. Shares in Banco BPM climbed…
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