Mario Pierry

Cielo Falls as Brazilian Lawmaker Proposes Credit-Card Rules

Cielo SA, Brazil’s biggest processor of credit-card payments, declined the most in seven months after a lawmaker proposed a bill to curb fees that the industry charges.

BTG Pactual Shares Fall as Bank Posts 22% Profit Decline

Grupo BTG Pactual SA, Brazil’s second- biggest equity underwriter, fell as much as 3.3 percent in Sao Paulo after the bank reported a bigger profit decline than analysts estimated.

Itau as Worst-Performing Stock Still Tempting Analysts

Itau Unibanco Holding SA, the worst- performing stock among the largest Brazilian banks this year, is the one analysts say will fare the best as the economy rebounds.

Santander Misses Rebound on Late Loans: Corporate Brazil

Banco Santander SA’s Brazil unit, the nation’s lowest-rated lender by analysts, is missing a rebound in banking stocks as its bad loans rise and lending growth lags behind peers.

BTG Said to Seek Portugal, Spain Assets: Corporate Brazil

Grupo BTG Pactual, the Brazilian bank led by billionaire Andre Esteves, is seeking private-equity investments in Portugal and Spain as Europe’s debt crisis forces governments there to sell assets, a person with direct knowledge of the matter said.

Banco do Brasil’s Shares Sink Below Liquidation Value

Banco do Brasil SA is trading below its liquidation value for the first time in almost nine years after Brazilian President Dilma Rousseff’s demand for lower borrowing costs sparked concern profit growth will stall.

Bancolombia Rallies as Deutsche Bank Raises Rating: Bogota Mover

Bancolombia SA, Colombia’s largest bank, rose the most in a month as Deutsche Bank AG raised its rating to hold, saying the company may seek to sell less than the $2.3 billion in stock approved by shareholders.

Rousseff’s Rate Cut Push Undermines Itau’s World-Beating

Brazil’s President Dilma Rousseff has settled on a crowd-pleasing target as part of her campaign to lower interest rates: some of the world’s most profitable banks.

Itau Rises After Posting Fewer Provisions, Delinquencies

Itau Unibanco Holding SA, Latin America’s biggest lender by market value, rose the most in a month after reporting a decline in late payments and provisions for bad loans.

Deutsche Bank Says ‘Don’t Panic’ on Brazil Banks Asset Quality

Brazilian banks’ deteriorating asset quality is already reflected in share-price declines and the industry may outperform when inflation expectations improve, Deutsche Bank AG said.

"We believe any changes proposed from such bill are remote in the short- to medium-term."

- Mario Pierry on May 17, 2013

Sao Paulo

Brazil

Latin America

Spain

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Chiesi Swaps Cell for Halfway House After Insider Scandal

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