Special focus on Brazil

Euromoney's recent coverage of the macroeconomic, FX, fixed income and equity market trends in Latin America's largest – and crisis-beset – economy.

Class of 2019: Ita

Class of 2019: Itaú Unibanco

January 09, 2020

The bank may be at the peak of its value creation, as the government looks to promote greater competition in Brazilian banking.

Can credit pop Brazil’s fintechs?

Can credit pop Brazil’s fintechs?

November 04, 2019

As the number of financial technology startups in Brazil balloons, there is a growing sense that the pin to puncture their growth is one critical area of operation: credit.

The new shines bright in Brazilian banking

The new shines bright in Brazilian banking

September 17, 2019

Investors expect a radical transformation in Brazilian financial services in the next five years: this enthusiasm is depressing incumbent stocks while driving strong valuations for start-ups.

Brazilian banks carry on regardless

Brazilian banks carry on regardless

July 30, 2019

The rapid fall in interest rates in Brazil, from a peak of 14.25% in 2016 to 6.5% in February 2018, created expectations among analysts that the biggest banks’ famously high net interest margin was finally about to be eroded.

FX: Brazil needs to grasp the real problem

FX: Brazil needs to grasp the real problem

April 26, 2019

The 100-day mark of Brazil’s new president, Jair Bolsonaro, has recently passed; no one – not even the government itself – pretended the time had been well spent.

Digital retail: Latin America’s banking revolution

Digital retail: Latin America’s banking revolution

March 06, 2019

The region’s leading banks produce some of the best numbers in the global industry, and success in retail banking – and a hard-learned approach to risk management – are core; could the growth of digital banking bring a new era of change?

Santander’s second LatAm engine

Santander’s second LatAm engine

December 14, 2018

Santander’s Brazilian bank took lots of deserved acclaim when Santander released its global third-quarter results, but keep an eye on Mexico.

Bolsonaro’s Trumpian pact

Bolsonaro’s Trumpian pact

October 28, 2018

Jair Bolsonaro's election today as Brazil’s next president could well spell more market upside, but the nationalist protectionism that is likely to follow should give investors pause

Goldman signals Brazilian focus

Goldman signals Brazilian focus

July 04, 2018

Investment bank steps in as BNDES stops crowding out; an important first in local-denominated financing of large project puts down marker.

BNDES embraces  its evolution

BNDES embraces its evolution

April 09, 2018

The blueprint for BNDES is for a development bank that partners with the private sector to facilitate more socially beneficial projects while using less capital.

How the markets now run Brazil

How the markets now run Brazil

March 19, 2018

Bankers and investors are increasingly confident that the country’s next president will adopt a programme of fiscal reforms, even though no leading candidates are standing on that platform.

Brazil’s banks adapt to lower NIMs

Brazil’s banks adapt to lower NIMs

February 22, 2018

Sharp reduction in Selic boosted 2017 profitability but is a challenge in 2018; ‘soft’ recovery in credit demand might not offset lower margins.

Brazil’s devilish future?

Brazil’s devilish future?

February 14, 2018

The political opponents of former president Lula look to have ruled him out of the next election, but this risks an even more volatile outcome.

Brazil: special focus

Brazil: special focus

December 22, 2017

Euromoney's recent coverage of the macroeconomic, FX, fixed income and equity market trends in Latin America's largest – and crisis-beset – economy.

The outlier in Brazil isn’t politics

The outlier in Brazil isn’t politics

December 06, 2017

While growth forecasts for Brazil for 2018 are turning optimistic, a few – a surprisingly small number in fact – are warning about a growing downside risk for next year: a negative hit from a persistent drought.