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Unibanco
Unibanco S.A. was a Brazilian bank which operated from 1924 to 2009, when it was merged into Banco Itaú. The name stood for ''União de Bancos Brasileiros'' ("Union of Brazilian Banks"). Foundation In 1924 João Moreira Salles established the Casa Bancária Moreira Salles (Moreira Salles Banking House) in the city of Poços de Caldas, state of Minas Gerais. His son, Walter Moreira Salles, was named an acting partner in 1933 at the young age of twenty-one. Regional mergers During 1940, Banco Moreira Salles catalyzed its growth by merging with three regional banks, eventually changing its name to União de Bancos Brasileiros (Unibanco). Acquisition of Banco Nacional In time its headquarters moved to São Paulo, in the homonymous state, Brazil's largest financial center. Unibanco grew to be the third largest non-government bank in the country, largely due to the 1995 acquisition of Banco Nacional, which went bankrupt alongside other major financial houses during the national ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Itaú Unibanco
Banco Itaú Unibanco S.A. is a Brazilian financial services company headquartered in São Paulo, Brazil. Itaú Unibanco was formed through the merger of Banco Itaú and Unibanco in 2008. It is the largest banking institution in Brazil, as well as the largest in Latin America, and the seventy-first largest bank in the world. It is also one of twenty most valuable banks in the world. The bank is listed at the B3 in São Paulo and in NYSE in New York. Itaú Unibanco has operations in Argentina, Brazil, Chile, Colombia, Panama, Paraguay, United States and Uruguay in the Americas, as well as in Luxembourg, Portugal, Switzerland and the United Kingdom in Europe; China, Hong Kong, Japan and United Arab Emirates in Asia. It has over 33,000 service points globally, of which 4,335 branches in Brazil, and around 45,000 ATMs and 55 million customers globally. Itaúsa, a large Brazilian conglomerate ranking among Fortune magazine's top 500 corporations in the world, serve as its parent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pedro Moreira Salles
Pedro Moreira Salles (born October 20, 1959) is a Brazilian billionaire businessman, banker, and the chairman of Itaú Unibanco, founded by his father Walter Moreira Salles, and the largest non-government banking institution in Brazil. Career Salles has been unofficially involved with Unibanco since birth, since the bank was headed for several decades by his father, the late Walter Moreira Salles. Pedro joined Unibanco in 1989 and became chairman in 1997, after serving as vice chairman for almost six years. In April 2004, Salles was elected CEO. As of 2016, he is chairman of Itaú Unibanco Holding. Salles is a member of the Group of Fifty ( G-50) - a non-profit initiative, composed of a Latin American executives and sponsored by the Carnegie Endowment for International Peace and the Inter-American Dialogue, in Washington D.C. He is a member of the advisory board of IBMEC, and vice-chairman of PlaNet Finance Brasil, a microcredit Nongovernmental organization (NGO). Educat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banco Itaú
Banco Itaú S.A. was a former Brazilian bank that merged with Unibanco on November 4, 2008, to form Banco Itaú Unibanco. History Banco Itaú began in 1945 under the name ''Banco Central de Crédito'' (Central Bank of Credit) and later changed its name to ''Banco Federal de Crédito'' (Federal Bank of Credit). In 1964, Banco Federal Itaú S.A. merged Banco Federal de Crédito and Banco Itaú, a rural bank belonging to a group originated in Itaú de Minas, in Minas Gerais state. Later that decade, Banco Itaú acquired Banco Sul Americano (1966) and Banco da América (1969). In 2020, due to improper charges between 2008 and 2018, Itaú signed an agreement with the Central Bank of Brazil committing itself to returning 75.6 million Reais to its customers. In the 1970s, it merged with Banco Aliança in Rio de Janeiro (1973), Banco Português do Brasil (1974), and Banco União Comercial (1974). In 1979, it opened its first operations abroad with a representative office in New York ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Walter Moreira Salles
Walter Moreira Salles, also Walther Moreira Salles (May 28, 1912 – 2001), was a Brazilian banker, politician and philanthropist, considered as one of the founders of the modern Brazilian banking industry. Career Moreira Salles was born in 1912 in Pouso Alegre, Minas Gerais. He graduated from the Faculty of Law of Largo de São Francisco, University of São Paulo. In 1926 his father, João Moreira Salles, established the Casa Bancária Moreira Salles (Moreira Salles Banking House) in the town of Poços de Caldas, around north-west of Pouso Alegre, and Walter was made an acting partner in 1933 at the age of 21. In 1940, Banco Moreira Salles merged with three regional banks, eventually changing its name to União de Bancos Brasileiros ( Unibanco). Moreira Salles implemented a series of successful acquisitions and an emphasis on human resources, helping to make Unibanco one of Brazil's top three banking institutions. In 1991, Moreira Salles retired as chairman of the board after ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Itaúsa
Itaúsa is a Brazilian Multinational corporation, multinational conglomerate (company), conglomerate holding company headquartered in São Paulo, Brazil. It is one of the largest private conglomerates in Brazil, and one of the largest in the world. The company controls several companies active in areas such as the finance, financial and real estate sectors; Industrial sector, industries including wood panels, pottery and metal; health; chemicals; and fashion. The main companies that Itaúsa controls are Itaú Unibanco, Duratex and Alpargatas S.A. The control of the company rests with the Setubal and Villela families along with the Camargo family as minority holder. References External links * BM&F BovespaITSA3ITSA4 {{DEFAULTSORT:Itausa Itaúsa, Companies listed on B3 (stock exchange) Companies based in São Paulo Conglomerate companies of Brazil Conglomerate companies established in 1966 Brazilian companies established in 1966 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pedro Malan
Pedro Sampaio Malan (born 1943 in Rio de Janeiro) is a Brazilian economist and former Minister of Finance of Brazil. He is the father of journalist and correspondent Cecília Malan. Early life Pedro Sampaio Malan was born in 1943 in Petropolis, a town named in honor of Dom Pedro II to the north of Rio de Janeiro. Malan was educated in a Jesuit school before studying electrical engineering at the Pontifícia Universidade Católica do Rio de Janeiro. While working as a research associate at Rio's Institute of Applied Economic Research he first met the U.S. economics teacher Albert Fishlow, who would in 1973 be his adviser for his doctorate in economics from the University of California, Berkeley. His thesis was ''Brazil's Place in the International Economy''. Malan continued to live in the USA working for various multilateral agencies until 1993. Brazilian Central Bank Malan returned to Brazil in 1993 at the request of the then finance minister Fernando Henrique Cardoso, who a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banco Nacional
Banco Nacional was a bank from Brazil. It was taken over by Unibanco in 1995. The ''Nacional'' brand is better known as main sponsor of Ayrton Senna during most of his racing career in Formula One (1984-1994). The TV Globo's popular news program ''Jornal Nacional ''Jornal Nacional'' (; ) is the flagship television newscast of TV Globo. First airing on September 1, 1969, according to IBOPE (Brazilian Institute of Public Opinion and Statistics), in the week of September 28October 4, 2015, it was the second ...'' was originally had the bank as the main sponsor. References Nacional, Banco Nacional, Banco Banks established in 1944 Economy of Belo Horizonte {{Brazil-company-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1924
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Bank Of Brazil
The Central Bank of Brazil ( pt, Banco Central do Brasil) is Brazil's central bank. It was established on Thursday, 31 December 1964, a New Year's Eve. The bank is not linked to any ministry, currently being autonomous. Like other central banks, the Brazilian central bank is the principal monetary authority of the country. It received this authority when it was founded by three different institutions: the (SUMOC), the Banco do Brasil (BB), and the . One of the main instruments of Brazil's monetary policy is the Banco Central do Brasil's overnight rate, called the SELIC rate. It is managed by Monetary Policy Committee (COPOM) of the bank. The bank is active in promoting financial inclusion policy and is a leading member of thAlliance for Financial Inclusion It is also one of the original 17 regulatory institutions to make specific national commitments to financial inclusion under the Maya Declaration. during the 2011 Global Policy Forum in Mexico. Since 25 February 2021, it i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Merger
Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, other business organizations, or their operating units are transferred to or consolidated with another company or business organization. As an aspect of strategic management, M&A can allow enterprises to grow or downsize, and change the nature of their business or competitive position. Technically, a is a legal consolidation of two business entities into one, whereas an occurs when one entity takes ownership of another entity's share capital, equity interests or assets. A deal may be euphemistically called a ''merger of equals'' if both CEOs agree that joining together is in the best interest of both of their companies. From a legal and financial point of view, both mergers and acquisitions generally result in the consolidation of assets and liabilities under one entity, and the distinction between the two is not always clear. In most countries, mergers and acquisitions must c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chief Executive Officer
A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially an independent legal entity such as a company or nonprofit institution. CEOs find roles in a range of organizations, including public and private corporations, non-profit organizations and even some government organizations (notably state-owned enterprises). The CEO of a corporation or company typically reports to the board of directors and is charged with maximizing the value of the business, which may include maximizing the share price, market share, revenues or another element. In the non-profit and government sector, CEOs typically aim at achieving outcomes related to the organization's mission, usually provided by legislation. CEOs are also frequently assigned the role of main manager of the organization and the highest-ranki ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
