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Banco Bradesco SA (BBDO.N)

BBDO.N on New York Stock Exchange

8.18USD
8 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Banco Bradesco announces own capital interest payment for Sep. 2016
Thursday, 18 Aug 2016 05:46am EDT 

Banco Bradesco SA : Said on Wednesday that on Oct. 3 it would pay own capital interest for Sep. 2016 at gross value of 0.0172 Brazilian real ($0.0049) per ordinary share and 0.019 real per preference share, corresponding to net value of 0.0147 real per ordinary share and 0.0161 real per preference share . Record date is Sep. 1 .Ex-dividend date is Sep. 2.  Full Article

Banco Bradesco is sued in U.S. on behalf of ADS investors
Friday, 3 Jun 2016 04:00pm EDT 

Banco Bradesco S/A : Is sued in U.S. court on behalf of holders of its American depositary shares -- court filing . Lawsuit seeks class-action status on behalf of ads investors from April 2012 to May 2016 . Lawsuit accuses Banco Bradesco of concealing internal control weaknesses . Lawsuit accuses Banco Bradesco of concealing alleged involvement in bribery scheme, alleged efforts to evade tax fine.  Full Article

Bradesco announces own capital interest payment for June 2016
Wednesday, 18 May 2016 12:47pm EDT 

Banco Bradesco SA : Announced on Tuesday that on July 1 it would pay own capital interest for June 2016 at gross value of 0.0172 Brazilian real ($0.0049) per ordinary share and 0.019 real per preferred share, corresponding to net value of 0.0147 real per ordinary share and 0.0161 real per preferred share . Own capital interest record date is June 1 .Ex-interest date is June 2.  Full Article

Banco Bradesco SA updates on capital increase, announces own capital interest payment for May 2016
Tuesday, 5 Apr 2016 08:15am EDT 

Banco Bradesco SA:Says that central bank of Brazil has authorized share capital increase of 8.0 billion Brazilian reais, to 51.1 billion reais from 43.1 billion reais, with attribution to shareholders of premium, corresponding to 1 new share per 10 shares held.Says record date is April 15.Says as of April 18 shares will be traded without right of bonus.Says new shares will be attributed to shareholders on April 20 and available on April 22.Says that value, attributed to new shares, is 15.85 reais per share.Says that on June 1 it will pay own capital interest for May at gross value of 0.0172 Brazilian real per ordinary share and 0.019 real per preferred share, corresponding to net 0.0147 real per ordinary share and 0.0161 real per preferred share.Own capital interest record date is May 2.Ex-interest date is May 3.  Full Article

Banco Bradesco SA announces own capital interest payment for April 2016
Thursday, 17 Mar 2016 08:40am EDT 

Banco Bradesco SA:Says on May 2 it will pay own capital interest for April at gross value of 0.0172 Brazilian real per ordinary share and 0.019 real per preferred share, corresponding to net 0.0147 real per ordinary share and 0.0161 real per preferred share.Record date is April 1.Ex-interest date is April 4.  Full Article

Banco Bradesco SA plans 8.0 bln reais capital increase
Friday, 11 Mar 2016 06:49am EST 

Banco Bradesco SA:Says that at its extraordinary meeting it was decided to cancel the capital increase by private subscription approved on Dec. 17, 2015 in the amount of 3.0 billion Brazilian reais, through issue of 164.8 million new shares.It was also decided to launch a capital increase of 8.0 billion reais, to 51.10 billion reais, with premium equivalent to 1 new share for every 10 held prior to the offering.Capital increase is awaiting authorization from the central bank of Brazil.  Full Article

Banco Bradesco SA announces own capital interest payment for Nov.
Thursday, 19 Nov 2015 02:44pm EST 

Banco Bradesco SA:Announces own capital interest payment for Nov. 2015, of 0.017 Brazilian real per ordinary share or 0.019 real per preferred share, to be paid on Dec. 1.Ex-right date is Nov. 4.Record date is Nov. 3.  Full Article

Banco Bradesco SA - Brazil's São Paulo bank workers plan strike on pay raise - Reuters
Thursday, 1 Oct 2015 08:00pm EDT 

Banco Bradesco SA:Bank workers in São Paulo, Brazil's most populous and richest state, plan to strike for an indefinite period starting on Tuesday after rejecting a pay proposal for the upcoming year - Reuters.The union late on Thursday shunned a proposal by the National Banking Federation for an inflation-adjusted salary increase of 5.5 percent. The union sought a raise of 16 percent, an annual recurring bonus equivalent to a monthly salary, and more benefits - Reuters.Leaders of the Sindicato dos Bancários de São Paulo, Osasco e Região union will meet on Monday night to begin strike proceedings, according to a statement - Reuters.The banking federation, which is known as Fenaban, proposed larger profit-sharing than in negotiations last year, but the offer fell short of union demands - Reuters.Usually banks and unions tussle over pay raises at this time every year, followed by short-lived strikes that seldom disrupt branch services - Reuters.Brazil's private-sector banks are headquartered in the state of São Paulo, which has about 23% of the nation's population and produces about 30% of gross domestic product - Reuters.Itaú Unibanco Holding SA and Banco Santander Brasil SA are based in the city of São Paulo, while Banco Bradesco SA is based in the town of Osasco - Reuters.  Full Article

Banco Bradesco SA announces own capital interest payment for Oct. 2015
Wednesday, 16 Sep 2015 08:00am EDT 

Banco Bradesco SA:Says on Nov. 3 it will pay own capital interest for Oct. at gross value of 0.0172 Brazilian reais per ordinary share and 0.0190 reais per preferred share, corresponding to net 0.0147 reais per ordinary share and 0.0161 reais per preferred share.Record date is Oct. 1.Ex-interest date Oct. 2.  Full Article

Banco Bradesco SA acquires HSBC Brasil for $5.19 bln
Monday, 3 Aug 2015 07:44am EDT 

Banco Bradesco SA:Says it has entered into a share purchase and sale agreement with HSBC Latin America Holdings (UK) Limited to acquire 100 percent of the equity capital of o HSBC Bank Brasil SA - Banco Multiplo and HSBC Servicos e Participacoes Ltda (jointly "HSBC") for $5.19 billion.Acquisition price to be paid on the date of completion of the transaction.With the acquisition, the company will take over all operations of HSBC in Brazil, including retail, insurance and asset management, as well as all the branches and clients.The completion of the transaction is subject to approval of competent regulatory bodies and legal formalities.  Full Article

UPDATE 2-Brazil's Bradesco to focus on mobility as fintech appeal grows

SAO PAULO, Nov 24 Banco Bradesco SA will spend three years enhancing existing banking technology platforms to lure younger clients and stem potential competition from financial technology startups that are becoming more appealing, Chief Executive Officer Luiz Carlos Trabuco said on Thursday.