Banco Bradesco Sa American Depositary Shares (BBD) Company Bio
Banco Bradesco SA offers a range of banking and financial products and services in Brazil and abroad to individuals, companies and local and international corporations and institutions. The company was founded in 1943 and is based in Osasco, Brazil.
In this article you are going to find out whether hedge funds think Banco Bradesco SA (NYSE:BBD) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks […]
Private equity fund IG4 has signed a deal with Brazil's CGG Trading and its creditors to acquire CLI, a company which owns one of the largest grain terminals in the country, in the northern port of Itaqui, the fund said in a statement. The deal includes the restructuring of $236 million in debt owed by CGG Trading and conversion on part of the debt into equity. IG4 will also pay an undisclosed value to buy a stake on the port given as collateral to CGG's creditor banks.
Most of Brazil's small businesses, which account for more than half of its jobs and 30% of gross domestic product, are not getting the cash President Jair Bolsonaro pledged to help them through the coronavirus crisis, putting recovery at risk. Despite a $7 billion program to help small and medium-sized businesses pay their workers as lockdowns tipped Brazil into its steepest annual downturn since records began, banks have so far only 5% distributed of the funds, Economy Ministry data shows. Jose Eutimio Brandao Jr, who fired 50 of the 170 people he employed at a bar, restaurant, bakery and nightclub in the northeastern state of Alagoas, is one of those affected.