Icatu, Brazil Newswire
Comprehensive Real-Time News Feed for Icatu, Brazil.
Results 1 - 2 of 2 in Icatu, Brazil
"There are political difficulties to sell a stake in a state-run company. A Caixa Economica Federal IPO would ignite a reaction not only from opposition political parties, but also spark dissatisfaction from the [general] population, because the current government has always planted a flag against privatization," An expected listing of between 20% and 25% of the state-run bank's shares was estimated to raise up to 20 billion Brazilian reais, which could help the bank meet BIS requirements. Comment?
RIO DE JANEIRO/SAO PAULO, December 16 Brazil's largest public and private banks are demonstrating that the cross selling of insurance products through their branch networks, or "bancassurance," aids their profits amid the country's macroeconomic sluggishness, says Fitch Ratings. Banco Bradesco, Itau Unibanco Holding S.A., Banco do Brasil and Caixa Economica Federal have adopted bancassurance strategies to varying levels where insurance now meaningfully contributes to their parents' overall earnings and represents positive business diversification, especially given the challenging operating environment for Brazilian banks in 2015. Comment?
- « Previous
- Next »
Copyright © 2015 Topix LLC