trending Market Intelligence /marketintelligence/en/news-insights/trending/Z2Yhjt2FmNwmO8HN4vDnpQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Report: Brazil's antitrust regulator concerned about competition following HSBC-Bradesco deal

Banking Essentials Newsletter December Edition Part 2

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery


Report: Brazil's antitrust regulator concerned about competition following HSBC-Bradesco deal

Brazil's antitrust regulator, Cade, said in a preliminaryreport that it would approve Banco Bradesco SA's deal to 's Brazilian business,provided the banks agree on measures to minimize market concentration, Reutersreported April 4, citing the official gazette.

However, the recommendation of imposing restrictions on the dealis not binding and is subject to approval by a separate Cade court, accordingto the news source.

Cade reportedly said that due to the low in Brazil's bankingindustry, any merger operation should be viewed with caution.

Brazil's central bank approved the $5.2 billion deal in January.