Policies in place to weather the storms
Brazil to gain a new global profile?
Banks trade on their strengths
Profitability holds up – so far
Consolidation to accelerate?
Petrobras: hope amid the storm
Which institution will gain the top spot following Banco Itaú’s audacious R$26.5 billion takeover bid for Unibanco, announced at the beginning of November, and a series of acquisition announcements by Banco do Brasil?
Of the two, the Itaú-Unibanco deal has more profound significance. The resulting bank would be one of Latin America’s largest financial institutions but it has divided observers about its significance: does it highlight the strength or weakness of the Brazilian banking system?
At first glance, the move seemingly indicates the confidence that many observers have in the potential of Brazilian banking.
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