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United States

Carolina Mandl

Brazil's Banco Inter considers capital raise - sources

May 17 2019

SAO PAULO, May 17 Brazilian digital lender Banco Inter SA is considering a capital increase with new investors, two sources with knowledge of the matter said.

Petrobras removes three banks from BR Distribuidora privatization -sources

May 17 2019

RIO DE JANEIRO/SAO PAULO, May 17 Brazilian state-run oil firm Petroleo Brasileiro SA has removed three banks from the privatization process of fuel distribution unit Petrobras Distribuidora, four sources with knowledge of the matter told Reuters this week.

Brazil's Itau Unibanco to launch new payments app using QR code

May 13 2019

SAO PAULO Brazil's largest private-sector lender, Itaú Unibanco Holding SA, will launch an instant payments platform by the third quarter that uses QR codes, adding fuel to the fierce competition among card processors.

Brazil’s Caixa kicks off process to attract partners for insurance unit

May 10 2019

SAO PAULO, May 10 Brazilian state-owned lender Caixa Economica Federal sent teasers to insurers on Friday to lure partners for its insurance business, Caixa Seguridade Participacoes, according to documents sent to potential partners.

Rappi to triple number of cities in Brazil where it operates after SoftBank deal

May 09 2019

SAO PAULO Latin American unicorn Rappi expects to more than triple the number of cities where its delivery app operates in Brazil using most of a $1 billion cash injection by Japan's SoftBank, its President and co-founder said on Thursday.

UPDATE 2-Brazil's BTG Pactual considers spinoff of EFG stake

May 09 2019

SAO PAULO, May 9 Latin America's largest investment bank Banco BTG Pactual SA may spinoff its 29 percent stake in the Swiss private bank EFG International , the chief financial officer told analysts on Thursday.

UPDATE 2-Banco do Brasil sees fiercer competition with fintechs

May 09 2019

SAO PAULO, May 9 State-controlled lender Banco do Brasil SA sees fiercer competition with financial startups as likely to reduce the country's average credit margins in the coming quarters, CEO Rubem Novaes told journalists on Thursday.

Brazil healthcare firm Hapvida looking for more acquisitions: CEO

May 07 2019

SAO PAULO Brazilian healthcare provider Hapvida Participacoes e Investimentos SA will look for more acquisitions in the near future after agreeing to acquire rival group Sao Francisco Saude for 5 billion reais ($1.26 billion), Chief Executive Officer Jorge Pinheiro told reporters on Tuesday.

Brazil's Bradesco to buy Florida bank to focus on wealthy individuals

May 06 2019

SAO PAULO Banco Bradesco SA has embarked on its first-ever international acquisition by paying approximately $500 million to buy BAC Florida Bank, which focuses on high-net-worth individuals in a move intended to close the gap with Brazilian rivals.

Apollo-backed Starboard in exclusive talks with Petrobras for 9 oilfields -sources

May 02 2019

RIO DE JANEIRO/SAO PAULO Apollo Global Management-backed investment firm Starboard Restructuring Partners is in exclusive talks with Petrobras to buy nine onshore oilfields for roughly 1 billion reais ($252 million), two sources familiar with the matter said this week.

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