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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 ...
Unibanco branch in Natal, Rio Grande do Norte, Brazil, carrying the bank's former branding. 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 ...
Banco Itaú Unibanco: São Paulo 67.8 6.6 525.2 63.7 Banking 3 160 Banco do Brasil: Brasília 42.0 3.8 368.4 34.5 Banking 4 181 Vale: Rio de Janeiro 41.8 7.8 91.5 55.4 Mining 5 223 Banco Bradesco: Osasco: 61.2 2.6 390.8 27.9 Banking 6 302 BTG Pactual: São Paulo 17.0 2.1 113.4 78.8 Financial services 7 652 Nubank: São Paulo 8.1 1.3 43.8 55.6 ...
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. [1]
The main companies that Itaúsa controls are Itaú Unibanco, Duratex and Alpargatas S.A. [3] The control of the company rests with the Setubal and Villela families along with the Camargo family as minority holder.
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Banco Itaú Chile was one of the largest Chilean banks and a subsidiary of Brazilian bank Itaú Unibanco, was founded in 2006, as Bank Boston in Chile. Itaú Unibanco boughtin 2006 the Bank Boston's operation and changed its brand to Itaú. In September 2011 Banco Itaú Chile announced the purchase of operations of British bank HSBC in Chile. [1]