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Banco Bradesco SA

  • State banks Banco do Brasil SA and Caixa Econômica Federal, as well as private-sector lenders Itaú Unibanco Holding SA, Banco Santander Brasil SA and Banco Bradesco SA waived immediate repayment to allow Sete to continue with a reorganization program, said the sources, who requested anonymity due to legal restrictions on discussing the issue publicly.

  • RIO DE JANEIRO, July 1- Brazilian state-run oil company Petroleo Brasileiro SA's long history of failed spending and output plans may be the biggest obstacle to its efforts to convince investors it will reduce its massive debt. Petrobras, though, has not met an annual production target since 2003 when the Workers' Party government of Brazilian President Dilma...

  • RIO DE JANEIRO, June 29- Brazil's state-run oil company Petrobras slashed its long-term spending plan to the lowest level in eight years on Monday as new management moved to reduce the industry's largest debt burden and restore confidence after a devastating corruption scandal. Petroleo Brasileiro SA, as the company is formally known, will invest $130.3...

  • RIO DE JANEIRO, June 29- Brazil's state-run oil company Petrobras slashed its long-term spending plan to the lowest level in eight years on Monday as new management moved to reduce the industry's largest debt burden and restore confidence after a devastating corruption scandal. Petroleo Brasileiro SA, as the company is formally known, will invest $130.3...

  • SAO PAULO, June 8- Banco Bradesco SA, Brazil's second-largest private-sector lender, would face a capital shortfall should a reported bid for the local unit of HSBC Holdings Plc succeed, UBS Securities analysts said on Monday. Bradesco and HSBC declined to comment. The minimum Tier 1 ratio- a gauge of financial strength that compares the core equity and the...

  • BRASILIA/ RIO DE JANEIRO, May 28- Brazil's central bank risks causing unnecessary damage to a struggling economy if it raises interest rates even more in coming weeks, a growing number of economists and business leaders warn. Brazil's rate hike cycle, the most rigorous among major economies in 2015, is an effort to tamp down inflation, currently running at above 8...

  • SAO PAULO, April 29- Banco Bradesco SA is prepared to deliver return on equity around 20 percent this year even if loan-loss provisions rise faster than loan book growth in the months ahead, Chief Financial Officer Luiz Carlos Angelotti said on Wednesday. The Osasco, Brazil- based bank, which witnessed an unexpected surge in loan defaults in the first quarter,...

  • SAO PAULO, April 29- Banco Bradesco SA felt the pinch of a flagging economy in the first quarter, as rising loan defaults and declining fee and insurance income took away luster from stronger-than-expected profit at Brazil's No. 2 private-sector bank. While the Osasco, Brazil- based bank posted robust recurring net income and return on equity last quarter, a jump...

  • NEW YORK, March 23- IRB Brasil RE plans to grow more aggressively in Latin America and Africa as part of an expansion that may require Brazil's largest reinsurer to seek an initial public offering or tap an outside partner before 2018, Chief Executive Officer Leonardo Paixão said on Monday. In Brazil, infrastructure projects from factories to shipbuilding...

  • SAO PAULO, Feb 23- Fallout from a corruption scandal at Brazil's state-controlled oil producer could hurt Banco do Brasil SA more than any other large bank, though quantifying damage from potential loan losses is difficult, UBS Securities said on Monday. Banco do Brasil is the nation's largest lender by assets. On the other hand, Itaú Unibanco Holding SA and...

  • SAO PAULO, Jan 29- Banco Bradesco SA, Brazil's second-biggest private sector bank, on Thursday forecast lower lending growth for this year than it estimated for 2014, highlighting the economic headwinds facing Latin America's largest economy. The forecast highlights increased caution as Brazil's economic imbalances and growing skepticism over...

  • Even if Brazil wins World Cup, it loses: Bankers Thursday, 26 Jun 2014 | 10:34 AM ET
    Children play football in the street in the poor neighbourhood of Itaquera, adjacent to the 'Arena de Sao Paulo' stadium, on June 21, 2014 in Sao Paulo, Brazil.

    Emerging markets experts at Deutsche Bank, JPMorgan and Morgan Stanley are bearish on investing in Brazil regardless of the World Cup.

  • Meet the banks of the future Sunday, 27 Apr 2014 | 7:00 AM ET
    Fast-forward to the future: ING Direct's concept for digitized bank branches

    As banks fight for profit, branches will be retooled into community hubs with interactive tech so consumers can do a host of retail transactions.

  • The Best Market Outside the US: Pro Wednesday, 10 Jul 2013 | 1:48 PM ET
    The Best Market Outside US: Pro

    It's time to buy what others are selling in emerging markets, Will Landers of BlackRock says.

  • SAO PAULO, Oct 25- Brazil's banking sector will undergo profound changes over the next two years as government efforts to keep interest rates at record lows translate into lower credit costs and more competition, the head of the nation's largest foreign lender said on Thursday.

  • SAO PAULO, Oct 25- Brazil's banking sector will undergo profound changes over the next two years as government efforts to keep interest rates at record lows translate into lower credit costs and more competition, the head of the nation's largest foreign lender said on Thursday.

  • SAO PAULO, Oct 25- Banco Santander Brasil SA posted an 8.5 percent decline in third-quarter profit on Thursday, as rising delinquencies forced the nation's largest lender to boost bad loan provisions.

  • *Adds to views that Brazil's banks headed for rough patch. *Itau's expense, provision cuts may help stem profit drops.

  • Oct 8- Members of the machinists union went on strike at the Bombardier Inc Learjet facility in Wichita, Kansas, on Monday after rejecting a contract offer that would raise healthcare costs.

  • Oct 8- Members of the machinists union went on strike at Bombardier Learjet's facility in Wichita, Kansas, on Monday after rejecting a contract offer that would raise healthcare costs.