November 2013
Latin Trade (English);Nov/Dec2013, Vol. 21 Issue 6, p53
The article offers a look at the circumstances that led to the merger between financial institutions Banco Itaú and Unibanco as recalled by Banco Itaú founder Roberto Setúbal. The almost once a month meetings between Setúbal and Pedro Moreira Salles, controlling shareholder of Unibanco, before the merger are recounted. Their previous meetings in 1988 and 1998 as they considered there expansion paths are shared. The assets of Itaú Unibanco as of 2013 are cited.


Related Articles

  • Itaú: Muscling In, Branching Out. Rapoza, Ken // Latin Trade (English);Mar/Apr2009, Vol. 17 Issue 2, p30 

    The article deals with the merger between Brazil's Banco Itaú and Unibanco Holdings. The merger has been approved by Brazilian banking regulators in February 2009. The combined companies will now be called Itaú Unibanco Banco Múltiplo. Roberto Setúbal will serve as chief executive...

  • Inside Out. Pfeifer, Margarida O. // Latin Trade (English);Sep2006, Vol. 14 Issue 9, p33 

    The article discusses the international expansion of Banco Itaú. The acquisition of BankBoston not only consolidated the Brazilian bank as the private-sector leader in the corporate and high-income banking sector but also opened opportunities to expand into new markets across Latin America....

  • Extra Credit.  // Latin Trade (English);Sep2004, Vol. 12 Issue 9, p40 

    Interviews Robert Setubal, CEO of Banco Itaú, about interest rates, bank profits and the value of education in Brazil. Pressure to lower interest rates in the country; Legislative priorities that would make bankers lower their interest rates; Opportunities given to workers to acquire quality...

  • CÓMO CONSTRUIR UN MEGABANCO.  // Latin Trade (Spanish);nov/dic2013, Vol. 21 Issue 6, p55 

    No abstract available.

  • Brazil. Guerrero, Antonio // Global Finance;Jul2009, Vol. 23 Issue 7, p14 

    The article reports on the Brazilian banking and finance industry's condition indicating growth despite the global economic crisis. Effective corporate components have contributed to the sector's relatively positive outlook which include a stringent regulatory environment, strong domestic demand...

  • BANKS COTINUE CONSOLIDATION. Guerrero, Antonio // Global Finance;Dec2008, Vol. 22 Issue 11, p22 

    The article reports on the move of the banks in Brazil in continuing its consolidation trend with the most recent deal in November 2008 which created Latin America's largest financial group. It cites the second-largest non-state-owned bank in the country, Itaú, which announced their...

  • Redecard of Brazil Profit Up 37.6%.  // American Banker;8/16/2007, Vol. 172 Issue 158, p8 

    The author reports on the 2007 second quarter profits for the company Redecard SA, a credit card network service provider in Brazil. The company reported a net profit of $89 million. This is an increase of profits of 37%, compared to 2006. Redecard is controlled by the banks Banco Itau and...

  • Citi Boosting Stake In Top Brazil Issuer. Lindenmayer, Isabelle // American Banker;11/9/2004, Vol. 169 Issue 216, p10 

    Reports that Citigroup Inc. plans to increase its stake in the largest Brazilian credit card issuer while selling its shares in a Brazilian card processor. Details of the plans; Purchase of Unibanco's shares of Credicard by Citibank Brazil and Banco Itau; Sale of all their shares of Orbitall to...

  • Redecard Shares Climb on Forecast.  // American Banker;1/6/2009, Vol. 174 Issue 3, p9 

    The article discusses the impact that growth has had on the stock prices at Redcard SA. Growth that the company experienced in 2008 is discussed. Comments by financial analyst Boris Molina regarding the company's growth in 2008 are presented. The way in which Redcard may by impacted by a merger...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics