July 13 (Bloomberg) — Itau Unibanco Holding SA overtook Citigroup Inc. and Goldman Sachs Group Inc. in Brazilian bond underwriting, leading a push by local banks to grab market share from international banks hurt by the global financial crisis. Itau, the country’s largest bank by market value, jumped four spots this year to become theContinue reading “Itau Surpasses Goldman Sachs in Brazilian Bond Underwriting”
Tag Archives: Itau Unibanco
On the topic of Brazilian Wealth
ITAU UNIBANCO Equity Strategy: Riche Comme un Brésilien The expression “riche comme un Argentin” became popular in Paris, at the end of the 18th century, and continued to be used until the early 1930s. The phrase was generally used to describe any wealthy individual, suggesting he or she was as rich as an Argentine—this wasContinue reading “On the topic of Brazilian Wealth”
Utilities M&A: Chinese biding Brazilian plants and CEMIG thinking of acquiring in Latin America
Traditionally, investors turn to utilities when times get tough. Botton line is: a lot of M&A activity going on. What is cheap today? On the report “The Playbook for Latam Equity Strategy” dated April 26th, Deutsch Bank argues that “.. the discount evaporates after adjusting for sector multiples. ” DB thinks that the only LatinContinue reading “Utilities M&A: Chinese biding Brazilian plants and CEMIG thinking of acquiring in Latin America”
Flexible economic institutions
Has Brazil created flexible and creative structures to deal with volatile economic cycles? Survival of the quickest Nov 12th 2009 From The Economist print edition Frequent crises have made for strong banks and nimble financiers BRAZILIAN businessmen often say that the country’s recent economic past has strengthened companies, and especially banks. The argument goes likeContinue reading “Flexible economic institutions”
Emerging Markets Banks #2. Riding the rise of a credit culture?
Emerging markets banks have doubled since 2005. They are relevant in the industry profit and revenue wise. The rise of a credit culture might explain this trend. Nevertheless, these banks are still not quite known by the rich-world investors. Is this an opportunity for further growth? The bigger and bigger picture May 13th 2010 FromContinue reading “Emerging Markets Banks #2. Riding the rise of a credit culture?”
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