Itau Unibanco Banco Holding SA American Depositary Shares (Each repstg 500 Preferred shares) (ITUB) Company Bio
Itau Unibanco Holding provides various financial products and services to individuals and corporate clients in Brazil and internationally. The company was founded in 1944 and is based in São Paulo, Brazil.
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.
Itau Unibanco (ITUB) had declared $0.003/share monthly dividend, in line with previous.Payable July 13; for shareholders of record June 2; ex-div June 1.See ITUB Dividend Scorecard, Yield Chart, & Dividend Growth....
Itaú Unibanco Holding S.A. ("Company") announces to its stockholders and the market in general, in line with the Material Fact disclosed on April 13, 2020, that its controlling stockholders have made a donation in the total amount of R$200 million to Todos pela Saúde (All for Health) for the purpose of fighting the novel coronavirus and its effects on Brazilian society.
Brazilian state-development bank BNDES will invest 4 billion reais ($703.52 million) in asset managers focused on financing small companies, according to a document released on Wednesday. BNDES said it will invest in up to 10 private credit funds, to be selected in the coming weeks. Commonly financed by institutional investors, such funds aim to provide an alternative to bank lending for companies too small to finance themselves through debt or equity offerings.