Unibanco
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Unibanco

Company nameUnibanco - União de Bancos Brasileiros S.A.
Company typeSubsidiary
Slogan"O banco único."
(Portuguese: "The unique bank.")
IndustryFinance and Insurance
FoundedBrazil Poços de Caldas, Brazil (1924)
HeadquartersBrazil São Paulo, Brazil
Key peopleJoão Moreira Salles, Founder
Pedro Moreira Salles CEO
Pedro Malan, Member of the Board of Directors
ProductsBanking
ParentItaú Unibanco

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Unibanco stands for União de Bancos Brasileiros (Union of Brazilian Banks). The bank was born in 1924 in Poços de Caldas in the southeastern state of Minas Gerais. In time its headquarters moved to São Paulo, Brazil's financial center. Unibanco grew to be the third largest non-government bank in the country, largely due to the 1995 acquisition of Banco Nacional, which went bankrupt alongside other major financial houses during the national banking meltdown of the early years of the Real Plan.

Though its shares were listed on the São Paulo Stock Exchange (Bovespa), it was largely controlled by its founding Moreira Salles family. Until his death in 2001, Walter Moreira Salles - a renowned banker and diplomat, who served as Brazilian ambassador to Britain as well as Finance Minister - headed the family. After 2006, his son Pedro Moreira Salles served as the company's Chief Executive Officer and Vice Chairman of the Board.

In November 2, 2008, Unibanco and the second largest Brazilian private banking group, Banco Itaú, announced plans for a merger. The merger was approved by the Central Bank of Brazil in late February 2009.


Latest News : Unibanco : Tweet this RSS

Itau Unibanco Holding Announces Changes in its Investor Relations Department - PR Newswire (press release) Tweet this news
PR Newswire (press release)--Rogerio started at the group as Member of the -Unibanco's- Audit Committee and, later on, was appointed Planning and Control officer of the bank. ... - Date : Wed, 30 Jun 2010 22:31:39 GMT+00:00
Innovation Perspectives - Environment to Spur Innovation - Blogging Innovation (blog) Tweet this news
Blogging Innovation (blog)--by clicking the link in this sentence. Jose Mello is a teacher, speaker and a specialist in innovation management at Itau -Unibanco- Bank, in Brazil.--- - Date : Sun, 04 Jul 2010 04:11:37 GMT+00:00
Unusual Trading Activity for Itau Unibanco Banco Holding (ITUB) - Market Intellisearch Tweet this news
Market Intellisearch--Itau -Unibanco- Banco Holding settled the day down $1.18 to $18.21 in the trading session. The day's trading range is between $18.11 and $18.85 respectively. ... - Date : Tue, 29 Jun 2010 22:10:06 GMT+00:00
Landers: Brazil election fears unfounded - Investment Week Tweet this news
Investment Week--The fund's biggest holdings include Banco Bradesco, Cyrela Brazil Realty, Itaú -Unibanco- as well as Petrobras and Vale.--- - Date : Mon, 05 Jul 2010 06:04:55 GMT+00:00
Itau Unibanco Holding SA 7.50% Above its May 6th Flash Crash Low of $18.35 (ITUB) - Comtex Smartrend Tweet this news
Comtex Smartrend--Itau -Unibanco- Holding SA (NYSE:ITUB) is currently trading 7.50% above its May 6th low of $18.35. Investors are looking to see if this 'flash ... - Date : Thu, 24 Jun 2010 08:55:19 GMT+00:00
Banco do Brasil's large offer seen sailing through - Reuters (press release) Tweet this news
Reuters (press release)--The state-run lender has been among the most profitable in Brazil, extending loans at a faster pace than non-government rivals Itau -Unibanco- (ITUB4. ... - Date : Mon, 28 Jun 2010 11:59:14 GMT+00:00
Bank of America may reinstate fees for Mexican bank - Kansas City Star Tweet this news
Kansas City Star--Bank of America last month said it was selling its shares in Brazilian bank Itau -Unibanco- Holding SA. The two banks did not have an ATM-fee arrangement. ... - Date : Tue, 15 Jun 2010 19:31:15 GMT+00:00
Brazilian banks return profits with interest - Financial Times Tweet this news
Financial Times--Return on equity - a standard measure of profitability - at -Unibanco-, Latin America's biggest bank, will be about 25 per cent this year, according to a ... - Date : Mon, 28 Jun 2010 18:38:30 GMT+00:00
Brazil Stocks Close Lower As Investors Wait For Clarity - Wall Street Journal Tweet this news
Wall Street Journal--Itau -Unibanco- (ITUB, ITUB4.BR) sank 3.0% to BRL33.21. Banco do Brasil (BBAS3.BR), Latin America's largest bank by assets, was 1.6% lower at BRL26.40.--- - Date : Mon, 07 Jun 2010 20:57:27 GMT+00:00
Co-op named sustainable bank of the year - Finance Markets (blog) Tweet this news
Finance Markets (blog)--HSBC was announced as the runner up, while Itau -Unibanco-, Brazil won the award for emerging markets sustainable bank of the year. ... - Date : Mon, 07 Jun 2010 08:55:16 GMT+00:00



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