27 de julio de 2016 / 13:57 / hace un año

Santander Brasil plans bid for Citigroup's Brazil unit

1 MIN. DE LECTURA

SAO PAULO, July 27 (Reuters) - Banco Santander Brasil SA will probably bid for Citigroup Inc's local subsidiary, as the country's largest foreign-owned lender seeks to expand into banking for wealthy clients, Chief Executive Officer Sérgio Rial said on Wednesday.

Rial, speaking at a São Paulo event to discuss second-quarter results, said Santander Brasil will be very disciplined in making a proposal. In February, Citigroup unveiled a plan to exit retail banking and credit card operations in Brazil, Argentina and Colombia to curb costs and boost profitability. (Reporting by Aluísio Alves; Writing by Guillermo Parra-Bernal)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below