State-controlled Banco do Brasil SA has resumed the process to sell its asset management unit, known as BB DTVM, three people with knowledge of the matter said on Friday, January 22nd.
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RIO DE JANEIRO, BRAZIL - A dispute among Brazil s largest banks could be the first judicial trial by fire of PIX, the Central Bank s (BC) new instant payment system.
Case documents, released by the Cointelegraph website, show that in November 2020, shortly after the payment system was launched, Itaú Bank had a severe flaw in its integration with the Central Bank system and made duplicate transfers to accounts in several banks.
Among the financial institutions sued by Itaú and which, according to the bank, received the undue amounts, are Banco do Brasil, Bradesco, Sicred, Bancoob, Nubank, Original and Inter . . .
How politics could derail Brazil s privatization plans
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Gerald Group closes oversubscribed Revolving Credit Facility
Gerald Group, supported by its relationship banks
Credit Agricole, Credit Suisse, Deutsche Bank, DBS Bank, ING Bank,
Rabobank
, Banco do Brasil,
Banque Cantonale Vaudoise, Erste and UniCredit arranged, documented and executed the RCF within record time of under 2 months.
Recognising the challenges faced by the commodity banking community during 2020, the Group opted to scale back lender appetite and not take up the significant oversubscription achieved. Gerald will use the funds to refinance its maturing syndicated revolving credit facility, as well as for general corporate and working capital purposes. Despite the turmoil we have all experienced during this COVID year, I m very pleased with the performance of the Group across all disciplines. The successful execution of the RCF refinancing confirms once again, the strong support from our longstanding banking partners who appreciate the Group s robust business m