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Banco Bradesco SA

  • BERLIN, May 2- German railway operator Deutsche Bahn has agreed a 1.5 billion euro deal to buy up to 450 electric engines from Canada's Bombardier, the German group said on Thursday. Bahn has placed an initial order for 130 electric engines, mostly for freight transport but also including 20 for passenger trains.

  • SAO PAULO, April 30- Profit at Itaú Unibanco Holding SA, Brazil's largest bank by market value, beat estimates in the first quarter as lower bad loan provisions and expenses helped offset flagging revenue trends that are likely to extend into coming quarters. A Thomson Reuters poll of 11 analysts expected recurring profit of 3.45 billion reais.

  • SAO PAULO, April 30- Profit at Itaú Unibanco Holding SA, Brazil's largest bank by market value, beat estimates in the first quarter after a significant reduction in bad loan provisions and cost controls helped offset the impact of weak revenue trends.

  • SAO PAULO, April 30- Profit at Itaú Unibanco Holding SA, Brazil's largest bank by market value, beat estimates in the first quarter after a significant reduction in bad loan provisions and cost controls helped offset the impact of weak revenue trends. A Thomson Reuters poll of 11 analysts expected recurring profit of 3.45 billion reais.

  • CHICAGO, April 26 Credit metrics of speculative grade issuers have stabilized and show signs of plateauing, according to Fitch Ratings' in its latest installment of the' Leveraged Finance Stats Quarterly- Fourth Quarter 2012.' Fitch does not view the incremental leverage experience in the fourth quarter and expected in the first quarter to be either outside of expected rating levels or indicative of a deteriorating credit environment.

  • SAO PAULO/ BRASILIA, April 26- Loan delinquencies in Brazil receded for a second straight month in March in what seems more the result of a year-long trend by private sector lenders to avoid riskier loans than the effects of an improving economy.

  • Successful pricing to boost confidence in Brazil IPOs. *Brazil companies fetched $6.7 bln in IPOs this month.

  • SAO PAULO, April 19- Brazil's largest private-sector banks are braced for another quarter of weak earnings as sagging economic growth continues to drag on demand for new loans while preventing defaults from falling more rapidly.

  • SAO PAULO, April 18- Brazil's new cycle of interest-rate hikes promises a measure of relief for private-sector banks, but some investors doubt that tighter monetary policy will bring shares of lenders big windfalls.

  • SAO PAULO, April 15- Brazilian sugar and ethanol company Biosev SA on Monday raised as much as 814.4 million reais in an unusual initial public offering- one offering a money-back guarantee to allay investor cocernss about the country's equity markets.

  • SAO PAULO, April 15- Brazil securities regulator CVM on Monday suspended the initial public offering of Banco do Brasil SA's insurance unit BB Seguridade for 30 days, citing irregularities in the use of advertising materials. Banco do Brasil shares dropped 1.1 percent to 28.04 reais on the Sao Paulo stock exchange.

  • SAO PAULO, March 20- With interest rates set to rise in Brazil, stocks should drop in coming months as investors flock to more lucrative bonds, right?

  • *Citigroup to exit non-core assets to raise cash. SAO PAULO, March 7- Citigroup Inc put its consumer finance units in Brazil up for sale, a source with knowledge of the situation told Reuters on Thursday, in a deal that might fetch the New York- based bank as much as 1.5 billion reais.

  • *Brazil keeps benchmark Selic rate at 7.25 pct. BRASILIA, March 6- Brazil's central bank held its benchmark interest rate steady at an all-time low of 7.25 percent on Wednesday, but signaled that policymakers are ready to hike rates again to rein in high inflation in Latin America's largest economy.

  • BRASILIA/ SAO PAULO, March 1- Brazil's new capital rules will allow banks to convert tax credits into capital and some debt into equity during times of financial stress, government officials said on Friday, a decision that surprised investors and analysts.

  • *Central bank sees specific capital needs for some banks. BRASILIA/ SAO PAULO, March 1- The government will allow Brazil's banks to convert tax credits into capital and some debt into equity during times of financial stress, in a surprising decision that came as officials laid out guidelines for the introduction of new capital rules.

  • SAO PAULO, Feb 21- As Fernanda Castro waits in line to pay for a new blender at a store in a Sao Paulo shantytown, the hairdresser recounts horror stories of friends who fell into debt and struggled to get out.

  • SAO PAULO, Jan 31- Fourth-quarter profit at Banco Santander Brasil SA disappointed investors despite beating analysts' expectations, raising questions about the ability of Brazil's largest foreign lender to stem the impact of record-low borrowing costs and rising delinquencies.

  • SAO PAULO, Jan 28- Shares of Banco Bradesco SA fell on Monday after quarterly profit at Brazil's No. 2 private sector bank slightly missed analysts' estimates, as lower insurance-related income and higher operating expenses offset the positive impact of a decline in bad loan provisions.

  • *Recurring profit at 2.92 bln reais misses poll estimate. SAO PAULO, Jan 28- Banco Bradesco SA forecast modest lending growth this year after a timid decline in provisions, stubborn loan delinquencies and a continuing squeeze on margins led Brazil's No. 2 private sector bank to miss fourth-quarter profit estimates.