Category: Brazil

State-owned Banco do Brasil may be the largest bank in Brazil, but it is no slow-moving behemoth. It reaffirmed its reputation for innovation in the capital markets when it became […]

By buying local competitor BBA Creditanstalt, Brazil’s
second-largest private sector bank substantially grows its assets
and gains the talent inside a well-run wholesale
franchise.

The international financial markets have warmed to
Brazilian President-elect Lula’s statement-like pronouncements. But he must impose unpopular austerity measures to keep investors satisfied.

Wortman Joins JP In November, JP Morgan appointed Charles Wortman as the new head of its Brazilian unit. Wortman replaces Patrick Morin, who is leaving JP Morgan after a 31-year career. Morin […]

Following an overwhelming victory, Brazil’s President-elect Luiz Inácio Lula da Silva now must show investors he can control spending and inflation, and continue to pay the
country’s debts.

Brazil’s economic crisis is in full swing, with the currency in free fall and the economy ready to plunge into a severe recession. It seems inevitable that Brazil’s large and […]

Brazil’s new securities regulator, Luiz Leonardo Cantidiano, intends to stamp out cheating and viligilantly monitor corporate reporting. But he also is playing the role as a promoter of the markets, convinced that they can be revived.

Corus Acquires CSN European steel company Corus Group   announced the purchase of Brazil’s leading steel company Companhia Siderúrgica Nacional  (CSN) in a stock deal worth $1.8 billion. Corus shareholders will […]

Brazilian Bailout After months of increasing volatility and a crashing currency in Brazil, the International Monetary Fund signed off on a $30 billion rescue package for the beleaguered country. The World […]