Itau and BMG in Payroll Tieup

Jul 11, 2012

Itau Unibanco and Banco BMG have agreed to form a BRL1bn ($492m) payroll lending joint venture, the two Brazilian banks say. The deal allows Itau access to the fast-growing payroll lending segment, and allows...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management