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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 ban ... [...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-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] |
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). Education ... [...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] |
Walter Moreira Salles
Walter Moreira Salles, also Walther Moreira Salles (28 May 1912 – 27 February 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 ... [...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 all his racing career in Formula One (1984-1994). The TV Globo's popular news program ''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 most watched progra ...'' 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. As 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 (, ) is Brazil's central bank, the bank is autonomous in exercising its functions, and its main objective is to achieve stability in the purchasing power of the national currency. It was established on Thursday, 31 December 1964. 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 :pt:Superintendência da Moeda e do Crédito, Bureau of Currency and Credit (SUMOC), the Banco do Brasil, Bank of Brazil (BB), and the :pt:Tesouro nacional, National Treasury. 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 (Brazil), Monetary Policy Committee (COPOM) of the bank. The bank is active in promoting financial inclusion policy and is a leading ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Merger
Mergers and acquisitions (M&A) are business transactions in which the ownership of a company, business organization, or one of their operating units is transferred to or consolidated with another entity. They may happen through direct absorption, a merger, a tender offer or a hostile takeover. 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 the 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. 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. Most countries require mergers and acquisitions to comply with antitrust or competition law. In the United States, for example, the Clayt ... [...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] |
United States
The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 contiguous states border Canada to the north and Mexico to the south, with the semi-exclave of Alaska in the northwest and the archipelago of Hawaii in the Pacific Ocean. The United States asserts sovereignty over five Territories of the United States, major island territories and United States Minor Outlying Islands, various uninhabited islands in Oceania and the Caribbean. It is a megadiverse country, with the world's List of countries and dependencies by area, third-largest land area and List of countries and dependencies by population, third-largest population, exceeding 340 million. Its three Metropolitan statistical areas by population, largest metropolitan areas are New York metropolitan area, New York, Greater Los Angeles, Los Angel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
