Brazil agency clears way for Bradesco’s takeover of HSBC

An OK from Brazil's Administrative Council for Economic Defense has cleared the way for Banco Bradesco to complete its takeover of HSBC in the country, with the firms setting a final transaction date of early July.

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Santander Brasil eyes Citigroup’s banking branches to grow wealthy clientele

Santander Brasil, the local unit of Spain's Banco Santander SA, wants to grow banking and other financial services for high net-worth clients, senior vice president Conrado Engel said at an event with investors in Rio de Janeiro.

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