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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-third largest bank in the world. The bank is listed on the B3 in São Paulo and in NYSE in New York. Itaú Unibanco has operations in 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, including 4,335 branches in Brazil and 55 million customers globally. Itaúsa, a large Brazilian conglomerate ranking among Fortune magazine's top 500 corporations in the world, serves as the parent company. Outside Brazil, Itaú Unibanco has offices in Asunción, Buenos Aires, Cayman I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chief Executive Officer
A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in various organizations, including public and private corporations, Nonprofit organization, nonprofit organizations, and even some government organizations (notably state-owned enterprises). The governor and 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 profitability, market share, revenue, or another financial metric. In the nonprofit 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 the main manager of the organization and the highest-ranking officer in the C-suite. Origins The term "chief executi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Exchange-traded Fund
An exchange-traded fund (ETF) is a type of investment fund that is also an exchange-traded product, i.e., it is traded on stock exchanges. ETFs own financial assets such as stocks, bonds, currencies, debts, futures contracts, and/or commodities such as gold bars. Many ETFs provide some level of diversification compared to owning an individual stock. An ETF divides ownership of itself into shares that are held by shareholders. Depending on the country, the legal structure of an ETF can be a corporation, trust, open-end management investment company, or unit investment trust. Shareholders indirectly own the assets of the fund and are entitled to a share of the profits, such as interest or dividends, and would be entitled to any residual value if the fund undergoes liquidation. They also receive annual reports. An ETF generally operates with an arbitrage mechanism designed to keep it trading close to its net asset value, although deviations can occur. The larges ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services
Financial services are service (economics), economic services tied to finance provided by financial institutions. Financial services encompass a broad range of tertiary sector of the economy, service sector activities, especially as concerns financial management and consumer finance. The finance industry in its most common sense concerns commercial banks that provide market liquidity, derivative (finance), risk instruments, and broker, brokerage for large public company, public companies and multinational corporations at a macroeconomics, macroeconomic scale that impacts domestic politics and foreign relations. The extragovernmental power and scale of the finance industry remains an ongoing controversy in many industrialized Western economies, as seen in the American Occupy Wall Street civil protest movement of 2011. Styles of financial institution include credit union, bank, savings and loan association, trust company, building society, brokerage firm, payment processor, many ty ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ban ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banco Itaú
Banco Itaú S.A. was a Brazilian bank that merged with Unibanco on November 4, 2008, to form Itaú Unibanco, 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 de América Central, Banco da América (1969). 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 City and a subsidiary in Buenos Aires. In the 1980s, it acquired only one small bank, Banco Pinto de Magalhães (1985). Still, this enabled it to con ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
São Paulo (state)
São Paulo (, ) is one of the Federative units of Brazil, 26 states of the Brazil, Federative Republic of Brazil and is named after Paul the Apostle, Saint Paul of Tarsus. It is located in the Southeast Region, Brazil, Southeast Region and is bordered by the states of Minas Gerais to the north and northeast, Paraná (state), Paraná to the south, Rio de Janeiro (state), Rio de Janeiro to the east and Mato Grosso do Sul to the west, in addition to the Atlantic Ocean to the southeast. It is divided into List of municipalities in São Paulo, 645 municipalities. The total area is km2, which is equivalent to 2.9% of Brazil's surface, being slightly larger than the United Kingdom. Its capital is the São Paulo, municipality of São Paulo. With more than 44 million inhabitants in 2022, São Paulo is the Federative units of Brazil#List, most populous Brazilian state (around 22% of the Brazilian population), the List of first-level administrative divisions by population, world's 28th-mos ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
São Paulo
São Paulo (; ; Portuguese for 'Paul the Apostle, Saint Paul') is the capital of the São Paulo (state), state of São Paulo, as well as the List of cities in Brazil by population, most populous city in Brazil, the List of largest cities in the Americas, Americas, and both the Western Hemisphere, Western and Southern Hemispheres. Listed by the Globalization and World Cities Research Network (GaWC) as an global city, alpha global city, it exerts substantial international influence in commerce, finance, arts, and entertainment. It is the List of largest cities#List, largest urban area by population outside Asia and the most populous Geographical distribution of Portuguese speakers, Portuguese-speaking city in the world. The city's name honors Paul the Apostle and people from the city are known as ''paulistanos''. The city's Latin motto is ''Non ducor, duco'', which translates as "I am not led, I lead." Founded in 1554 by Jesuit priests, the city was the center of the ''bandeirant ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Redecard
Rede known as Redecard is a Brazilian multi-brand acquirer with 25 brands in its portfolio, for credit, debit and benefit cards. Its activities include merchant acquiring, capturing, transmission, processing and settlement of credit and debit card transactions, prepayment of receivables to merchants (resulting from sales made by means of credit cards), rental of POS terminals, check verification through POS terminals, credit card machine and the capture and transmission of transactions using benefit-voucher, private-label cards and loyalty programs such as Multiplus. The company is the first largest in its sector. The company was traded in BM&F Bovespa and disclosed in September 24, 2012. History Rede history dates back to 1970, when Citibank, who is among the largest financial institutions and credit card issuers worldwide, along with Banco Itaú and Unibanco (currently Itau Unibanco), who are among the largest financial institutions and credit card issuers in Brazil, gather ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banco Itaú Paraguay
Banco Itau Paraguay S.A. was founded in 1978 as Interbanco SA. property of National Bank of Brazil. In 1995 was acquired by Unibanco Group. As a result of the merger between Unibanco and Banco Itaú in 2008, was renamed Banco Itaú Paraguay S.A in 2010. Itau is considered the biggest bank in Paraguay. Jose Britez Infante assumed as CEO in late 2020 replacing Brazilian Andre Gailey, it is the first time a Paraguayan holds this position. External links Official Website References Itaú Unibanco Banks of Paraguay Banks established in 1978 Paraguayan brands {{bank-stub ... [...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. Founded in 1966, It is one of the largest private conglomerates in Brazil and in the world. The company controls several companies active in areas such as finance, real estate, Industrial sector, industrial, health, chemical, 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 in the Índice Bovespa Companies in the S&P Latin America 40 Companies based in São Paulo Conglomerate companies of Brazil Multinational companies headquartered in Brazil Conglomerate companies established in 1966 Brazilian companies established ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
