A PYMNTS Company

Brazil: Outgoing head of bank-giant concerned over merger obstacles

By  |  April 25, 2013

The outgoing chief executive of Brazil’s largest foreign lender has suggested that antitrust issues may hamper big banks’ ability to merge. The chief executive of Banco Santander SA, which has recently been rumored to be a part of merger talks with competitor Banco Bradesco SA, made the remarks on Thursday. The rumors of any merger plans, which speculated that Banco Bradesco would takeover Banco Santander Brasil, have been denied by both banks.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Reuters

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.