Latin America's Business Information Leader
Banking News - Thursday, April 29, 2010
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Free Content of the day
* Bradesco, BB's new Elo brand aims for 15% market share, US$570mn in synergies - Brazil
Brazilian banks Bradesco (NYSE: BBD) and federally controlled Banco do Brasil (BB) are seeking a 15% market share in five years and 1bn reais (US$570mn) in synergies from their new national card brand Elo, executives from the banks told a conference call regarding the launch.
"New brands may be issued by any bank in Brazil that wants to come on board," the head of Bradesco Cartões, Marcelo de Araújo Noronha, said during the call, noting that the banks expect the market share to come mostly from ... more
http://www.bnamericas.com/news/banking/Bradesco,_BB*s_new_Elo_brand_aims_for_15*_market_share,_US*570mn_in_synergies/185095106
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In-deph interview
* Roberto UreñaPresident - AMFE<p><em>Mexico's special-purpose finance companies (sofoles) and multi-purpose finance companies (sofomes) had a tough year in 2009, pinched on one side by tightening liquidity and on the other by borr... more
http://www.bnamericas.com/interviews/banking/Roberto_Urena_,AMFE,/185095106
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Free Past News
* Bradesco, BB surprise with news of card brand partnership, Cielo equity transfer - 04-27-2010 - Brazil
http://www.bnamericas.com/news/banking/Bradesco,_BB_surprise_with_news_of_card_brand_partnership,_Cielo_equity_transfer/185095106
* BB, Bradesco make US$944mn bet on Santander's Cielo stake - 04-26-2010 - Brazil
http://www.bnamericas.com/news/banking/BB,_Bradesco_make_US*944mn_bet_on_Santander*s_Cielo_stake/185095106
* Concentration hasn't hurt competition, but low leverage still driving spreads - Tendências - 04-23-2010 - Brazil
http://www.bnamericas.com/news/banking/Concentration_has_not_hurt_competition,_but_low_leverage_still_driving_spreads_-_Tendencias/185095106
* High court again cites "public finances" in upholding federal bank BB contract - 04-22-2010 - Brazil
http://www.bnamericas.com/news/banking/High_court_again_cites_*public_finances*_in_upholding_federal_bank_BB_contract/185095106
* BB pays US$480mn for 51% of Patagonia - 04-21-2010 - Argentina, Brazil
http://www.bnamericas.com/news/banking/BB_pays_US*480mn_for_51*_of_Patagonia/185095106
* AMFE to lobby for new regulation of its members - 04-20-2010 - Mexico
http://www.bnamericas.com/news/banking/AMFE_to_lobby_for_new_regulation_of_its_members/185095106
* Guatemala looks like "Brazil of Central America" to HSBC - 04-19-2010 - Regional
http://www.bnamericas.com/news/banking/Guatemala_looks_like_*Brazil_of_Central_America*_to_HSBC/185095106
* Febraban class-action win important, but bigger decision still coming from STF - 04-16-2010 - Brazil
http://www.bnamericas.com/news/banking/Febraban_class-action_win_important,_but_bigger_decision_still_coming_from_STF/185095106
* Febraban estimates court decision reduces class-action suits by 99% - 04-15-2010 - Brazil
http://www.bnamericas.com/news/banking/Febraban_estimates_court_decision_reduces_class-action_suits_by_99*/185095106
* Financial institutions must answer to new regulatory body starting in May - 04-14-2010 - Mexico
http://www.bnamericas.com/news/banking/Financial_institutions_must_answer_to_new_regulatory_body_starting_in_May/185095106
* BCB head says bank liquidity cushion still stands at US$46.7bn - 04-13-2010 - Brazil
http://www.bnamericas.com/news/banking/BCB_head_says_bank_liquidity_cushion_still_stands_at_US*46,7bn/185095106
* High court takes municipal payroll services from Santander, gives it to CEF - 04-12-2010 - Brazil
http://www.bnamericas.com/news/banking/High_court_takes_municipal_payroll_services_from_Santander,_gives_it_to_CEF/185095106
* Ex-Im Bank announcement coming in 2 weeks - finance minister - 04-09-2010 - Brazil
http://www.bnamericas.com/news/banking/Ex-Im_Bank_announcement_coming_in_2_weeks_-_finance_minister/185095106
* Edpymes converting to finance companies to become more competitive - 04-08-2010 - Peru
http://www.bnamericas.com/news/banking/Edpymes_converting_to_finance_companies_to_become_more_competitive/185095106
* Scotiabank to follow up BNP Paribas deal with new wealth management center - 04-07-2010 - Panama, Regional
http://www.bnamericas.com/news/banking/Scotiabank_to_follow_up_BNP_Paribas_deal_with_new_wealth_management_center/185095106
* Scotiabank looks for purchases to add branches, credit cards - 04-06-2010 - Mexico
http://www.bnamericas.com/news/banking/Scotiabank_looks_for_purchases_to_add_branches,_credit_cards/185095106
* Scotiabank buys BNP Paribas wealth management units - 04-05-2010 - Regional
http://www.bnamericas.com/news/banking/Scotiabank_buys_BNP_Paribas_wealth_management_units/185095106
* CAF able to increase lending 10% annually over next 6-7 years, says president - 04-01-2010 - Regional
http://www.bnamericas.com/news/banking/CAF_able_to_increase_lending_10*_annually_over_next_6-7_years,_says_president/185095106
* Macro refloats purchase agreement with Banco Privado - 03-31-2010 - Argentina
http://www.bnamericas.com/news/banking/Macro_refloats_purchase_agreement_with_Banco_Privado/185095106
* Sofisa not worried about big banks, sees rising spreads in SME lending - 03-30-2010 - Brazil
http://www.bnamericas.com/news/banking/Sofisa_not_worried_about_big_banks,_sees_rising_spreads_in_SME_lending/185095106
* Infonavit to issue US$1.25bn in Cedevis in 2010 - 03-29-2010 - Mexico
http://www.bnamericas.com/news/banking/Infonavit_to_issue_US*1,25bn_in_Cedevis_in_2010/185095106
* CEF to issue US$27.7mn in new 2-year debt instrument, but just testing waters - VP - 03-26-2010 - Brazil
http://www.bnamericas.com/news/banking/CEF_plans_to_issue_US*27,7mn_in_new_2-year_debt_instrument_for_banks/185095106
* Fovissste to issue up to US$1.44bn RMBS this year - CEO - 03-25-2010 - Mexico
http://www.bnamericas.com/news/banking/Fovissste_to_issue_up_to_US*1,44bn_RMBS_this_year_-_CEO/185095106
* Brazil launches regional financial center project BRAiN, focusing on Chile, Colombia, Peru - 03-24-2010 - Brazil, Regional
http://www.bnamericas.com/news/banking/Brazil_launches_regional_financial_center_project_BRAiN,_focusing_on_Chile,_Colombia,_Peru/185095106
* Banorte sees purchase opportunities among Sofoles - 03-23-2010 - Mexico
http://www.bnamericas.com/news/banking/Banorte_sees_purchase_opportunities_among_Sofoles/185095106
* IDB board of governors agrees on US$70bn capital increase - 03-22-2010 - Regional
http://www.bnamericas.com/news/banking/IDB_board_of_governors_agrees_on_US*70bn_capital_increase/185095106
* Agricultural risk fund is an important step, but execution will be needed - BB - 03-19-2010 - Brazil
http://www.bnamericas.com/news/banking/Agricultural_risk_fund_is_an_important_step,_but_execution_will_be_needed_-_BB/185095106
* Santander launches card acquirer Santander Conta Integrada with Getnet - 03-18-2010 - Brazil
http://www.bnamericas.com/news/banking/Santander_launches_card_acquirer_Santander_Conta_Integrada_with_GetNet/185095106
* Redecard confirms Visa deal preparation for July 1 - 03-17-2010 - Brazil
http://www.bnamericas.com/news/banking/Redecard_confirms_Visa_deal_preparation_for_July_1/185095106
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