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Banco Bradesco S.A. (BBD)

NYSE - Nasdaq Real-time price. Currency in USD
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2.6700-0.1200 (-4.30%)
At close: 04:00PM EST
2.6700 0.00 (0.00%)
After hours: 07:11PM EST
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  • Reuters

    Large Brazilian banks may set aside around $890 million for Americanas losses in Q4

    Brazilian banks may start setting aside provisions for losses with retailer Americanas already in the fourth quarter of 2022, analysts say. Banks such as BTG Pactual, Bradesco,Santander Brasil, Itaú Unibanco Holding and Banco do Brasil have around 15 billion reais in loans with Americanas, according to analyst reports. Analysts estimate the banks may provision around 30% of their loans in the fourth quarter, which would be equivalent to 4.5 billion reais ($890 million), even with bankruptcy protection taking place in January, as a precautionary measure allowed by the Brazilian central bank.

  • Reuters

    Brazilian court orders seizure of emails of bankrupt retailer Americanas

    A Brazilian court has ordered the seizure of all corporate emails of managers and board members from bankrupt retailer Americanas SA sent and received over the last 10 years, according to documents seen by Reuters. Judge Andrea Palma of federal court in Sao Paulo earlier this week agreed with a request from Americanas creditor Banco Bradesco SA asking for the seizure of the emails, citing its belief that "directors, board members, shareholders and auditors allowed a giant accounting fraud to happen."

  • Reuters

    Brazil's BTG gets court decision reversing part of Americanas' protection from creditors

    Brazilian bank BTG Pactual obtained a court decision on Wednesday overturning part of Americanas SA's protection from creditors, according to court documents seen by Reuters, in a move the retailer says "harms its viability". The decision of appeal judge Flavio Horta Fernandes reversed a previous order that BTG Pactual return money it received from the company's accounts with the bank to pay for a credit line. BTG confirmed the decision in a securities filing, but did not give details.