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In 1994, BPA opened a representative office in Caracas, and set up a subsidiary in the Cayman Islands, BPA Overseas Bank. In 1997, Wachovia Bank acquired a majority interest in Banco Portugues do Atlantico-Brasil, which at the time was a $100 million-asset bank based in São Paulo. The bank was engaged principally in corporate trade finance.
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During this time, Continental Illinois Bank acquired a stake in Banco Atlántico. However, ownership eventually passed to Rumasa, a holding company owned by José María Ruiz Mateos . In 1975, Banco Atlántico expanded its international presence by establishing an agency in New York, which remained operational until its closure in 2001.
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These banks are domestic systemically important bank and are supervised by European Banking Supervision (the supervisory arm of the ECB). [2] Banco Comercial Português; Caixa Geral de Depósitos; Novo Banco
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Jardim Gonçalves was born and raised in Madeira until settling in continental Portugal to study and eventually pursue a business career. At University of Coimbra he read Civil Engineering. In the late 1950s he moved to Porto where we got his degree in Civil Engineering, from the University of Porto in 1961.