Banco de Brasil exec Haui named to head BB Seguridade after CEO resigns
SAO PAULO (Reuters) – Brazilian insurer BB Seguridade said on Tuesday its CEO Ullisses Assis has resigned from his position and its controlling shareholder, Banco …
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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 …
Novo Banco yet to decide on frozen Venezuelan funds after ruling
LISBON (Reuters) – Portugal’s Novo Banco said its lawyers were studying a ruling by a Lisbon court that Venezuela claims unblocks around $1.5 billion in …
IDB Invest, Banco de Bogota announce $230 million sustainability bond
(Reuters) – The private investment arm of the Inter-American Development Bank’s parent group on Friday announced alongside Colombia’s Banco de Bogota the issue of a …
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 …
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% …
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 …
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 …
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, …
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 …
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 …
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 …
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 …