United States

Carolina Mandl

UPDATE 2-Banco do Brasil CEO says bank ready to resume loan growth

Nov 08 2018

SAO PAULO, Nov 8 State-controlled Banco do Brasil SA is likely to see stronger loan book growth, increase fee income above inflation and keep operating expenses in line with inflation in 2018, the bank's executives said on Thursday.

Post-election, Brazilian companies move to sell shares, refinance debt

Nov 02 2018

SAO PAULO Brazilian companies are again looking to raise capital by selling shares or refinancing debt as the pre-election uncertainty that put such dealmaking into a deep freeze gives way to optimism after the selection of market-friendly candidate Jair Bolsonaro as president, five people familiar with the matter told Reuters.

UPDATE 4-Banco Bradesco expects to raise ex-HSBC Brazil clients profitability

Nov 01 2018

SAO PAULO, Nov 1 Banco Bradesco SA, Brazil's second-largest private lender, expects to boost the profitability next year of retail clients acquired in its purchase of the local unit of HSBC Holdings Plc, Chief Executive Octavio de Lazari said on Thursday.

UPDATE 4-Shares in Santander Brasil drop as bank posted lower margin

Oct 31 2018

SAO PAULO, Oct 31 Shares of Banco Santander Brasil SA were down 6 percent in Wednesday afternoon trading after analysts said the bank's quarterly results showed some signs of weakness in the third-quarter in spite of a higher-than-expected profit.

McDonald's, Fleetcor to offer contactless payment in Brazil

Oct 30 2018

SAO PAULO McDonald's Corp's Brazilian customers will be able to buy their Big Macs and fries using their highway toll payment passes under a partnership the fast food restaurant operator has struck with Fleetcor Technologies Inc.

UPDATE 1-Brazil's Itaú Unibanco may pursue riskier loans -CEO

Oct 30 2018

SAO PAULO, Oct 30 Brazil's largest private lender, Itaú Unibanco Holding SA, may pursue loans with a higher risk of defaults in the near future as a way to accelerate loan-book growth, Chief Executive Candido Bracher said on Tuesday.

Brazil's Itaú Unibanco misses third-quarter profit estimates

Oct 29 2018

SAO PAULO Brazil's largest private lender, Itaú Unibanco Holding SA , reported a slightly lower-than-expected third-quarter profit on Monday, as higher non-interest expenses offset loan growth.

UPDATE 2-At helm of Brazil's Cielo, Caffarelli to have new challenges

Oct 26 2018

SAO PAULO, Oct 26 Brazilian card processor Cielo SA confirmed Friday that Banco do Brasil SA's Paulo Caffarelli will become its chief executive on Nov. 5, raising questions over whether a veteran banker could shake up a company that has been struggling to fight startups.

UPDATE 4-Banco do Brasil's Caffarelli to become Cielo's new CEO - source

Oct 25 2018

SAO PAULO, Oct 25 Paulo Caffarelli, the chief executive of state lender Banco do Brasil SA, has accepted the offer to become the new CEO of the Brazilian card processor Cielo SA, one source with knowledge of the matter told Reuters on Thursday.

UPDATE 2-Brazil's StoneCo IPO raises $1.5 bln, prices above range- source

Oct 24 2018

SAO PAULO, Oct 24 Brazilian credit card processor StoneCo Ltd priced its initial public offering (IPO) above its initially suggested price range, raising $1.5 billion, one person with knowledge of the matter said.

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