Banco do Brasil may announce the acquisition of a US bank before year end. A source from the state owned Brazilian bank said at a press conference the Bank is in talks with an American bank and will be making an announcement before year end. Ivan Monteiro, Banco do Brasil financial vice president said the [...]

Brazilian media reported over the weekend that a minimum of five banks have expressed interest in purchasing a stake in Brazilian mid-size lender Panamericano. The media reports come in the wake of Panamericano’s cash challenges; emerging just days after the lender received an emergency cash boost to plug what the firm termed “accounting inconsistencies.” Panamericano [...]

The Brazilian Central bank approved the acquisition of a controlling stake in Argentina’s Banco Patagonia SA by Brazil’s largest bank, the state-owned Banco do Brasil SA, Banco Patagonia reported last week in a statement.
Banco do Brasil SA agreed to buy a controlling stake in Argentina’s Banco Patagonia SA back in April, marking the federally run [...]

Qatar’s direct investment vehicle reported Monday it had acquired a 5 per cent shareholding in Spanish Bank, Santander’s Brazilian unit. Qatar Holding, the direct investment vehicle for the Gulf state said it had bought the 5 per cent stake in Banco Santander’s Brazilian unit for an estimated $2.7 billion. Banco Santander is Spain’s largest bank [...]

Evercore Partners Inc announced Wednesday that it had reached an agreement for the acquisition of a 50 per cent stake in Sao Paolo based firm, G5 advisors. Evercore reported that it had appended a definitive agreement that will see it acquire the interest in the Brazilian independent investment banking boutique and investment managing firm.
G5 advisors’ [...]

Canada’s biggest bank Thursday agreed to the purchase of Dresdner Bank Brasil SA from its parent, Commerzbank AG. Bank of Nova Scotia, the Canadian bank, will acquire the wholesale banking unit of Commerzbank AG, Dresdner Bank for an unknown amount. The investment is an effort targeted at enabling Nova Scotia gain from an increase in [...]

Evercore Partners Inc announced Wednesday that it had reached an agreement for the acquisition of a 50 per cent stake in Sao Paolo based firm, G5 advisors. Evercore reported that it had appended a definitive agreement that will see it acquire the interest in the Brazilian independent investment banking boutique and investment managing firm.
G5 advisors’ [...]

Reports emerged Friday that an investor consortium from Singapore is currently in talks with Brazilian billionaire, Andre Esteves, for the acquisition of a 15% stake in Esteve’s Banco BTG Pactual SA. The reports were first carried by Bloomberg News, citing sources privy to the talks as having relayed the information. Banco BTG Pactual SA is [...]

Brazilian bank, Banco do Brasil, Monday reported that it had gone into a joint venture with Banco Bradesco and Portuguese bank, Banco Espirito Santo for expansion overseas, in Africa. Banco do Brasil is Brazil and Latin America’s biggest bank in terms of assets. The new investment vehicle will undertake its operations in Africa but on [...]

In a move aimed at rebuilding its business in Brazil, Sweden’s biggest bank, UBS AG, said Friday that it’s planning to start an investment in the Latin American state. In the move, aimed at tapping into Latin America’s biggest economy and the fastest growing as well, UBS AG said it’s undertaking the investment after raising [...]