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In September 2006, Banco Itaú bought BankBoston's assets in Brazil, Chile, and Uruguay. On November 4, 2008, Banco Itaú and Unibanco announced the merger that resulted in Banco Itaú Unibanco. The institution was born with R$575 billion in assets, a net equity of around R$51.7 billion and a portfolio of combined credit of R$225.3 billion.
In 2002, Banco Itaú joined with Banco BBA-Creditanstalt S.A. (BBA) to create, in 2003, Banco Itaú-BBA, the largest wholesale bank in Brazil. In the 2000s (decade), it continued to acquire banks. In 2002, it acquired Banco Fiat, together with all of Fiat's auto financing activities. In 2004, it opened a branch in Tokyo. Then, in April 2006 ...
On November 2, 2008, Unibanco and the second largest Brazilian private banking group, Banco Itaú, announced plans for a merger. [2] The merger was approved by the Central Bank of Brazil in late February 2009. As a result of the merger process, Unibanco agencies became new Itaú agencies by the end of 2010, and the Itaú name became the ...
On 17 December 2004, Bank of America sold its BankBoston (BKB) operations in Peru, Colombia, and Panama to the 1955 established Panamanian private equity bank Banco General. [5] [a] In 2006, Bank of America sold all BankBoston's Brazilian assets to Brazilian bank Banco Itaú, in exchange for Itaú shares. The BankBoston name and trademarks were ...
Steven J. Pilloff, "Bank Merger Activity in the United States, 1994–2003," Washington: Board of Governors of the Federal Reserve System, May 2004. (Staff study 176) Institute of Mergers, Acquisitions and Alliances (MANDA) M&A An academic research institute on mergers & acquisitions, including bank mergers
Macro BMA was an Argentine banking entity owned by Banco Macro between November 2023 and November 2024. It was a successor to the Argentine subsidiary of the Brazilian Itaú bank, created on November 4, 2023, one day after the Argentine Central Bank authorized Grupo Macro to acquire the aforementioned subsidiary.
Banco Bandes Uruguay S.A. Banco Itaú Uruguay S.A. Scotiabank Uruguay S.A. (ex. Nuevo Banco Comercial S.A.) Banco Santander S.A. Banco Bilbao Vizcaya Argentaria Uruguay S.A. HSBC Bank (Uruguay) S.A. Citibank N.A. Sucursal Uruguay; Banco de la Nación Argentina; Banque Heritage Uruguay
Banco Itau Paraguay S.A. was founded in 1978 as Interbanco SA. property of National Bank of Brazil. In 1995 was acquired by Unibanco Group. In 1995 was acquired by Unibanco Group. As a result of the merger between Unibanco and Banco Itaú in 2008, was renamed Banco Itaú Paraguay S.A in 2010.