Search Results for: Brazil
CEO of a Brazilian Bank cleared by court over Tax probe
June 15th, 2017
A Brazilian court has cleared Banco Bradesco SA Chief Executive Officer Luiz Carlos Trabuco of trying to illegally dodge a tax fine of 3 billion reais ($911 million), spurring the biggest jump in shares of the nation’s No. 3 ...
Goldman Sachs Sees Big Potential for Fintech in Brazil
May 16th, 2017
Brazil is experiencing a wave of growth in financial technology that will most likely eat into the market share of the country’s huge and long untouchable banks, a new report from Goldman Sachs says. Entitled “Fintech Brazil’s Moment,” the ...
How hackers took complete control of a legit Brazilian bank
April 5th, 2017
A Brazilian bank had its entire IT operations taken over by hackers in a ‘stunning compromise’ that saw each of its 36 domains, corporate email and DNS under the attacker’s control. The three-month long heist was uncovered last October ...
Former Deloitte Brazil Chairman and CEO fined
March 31st, 2017
The Public Company Accounting Oversight Board today announced sanctions against the former Chairman and the former Chief Executive Officer of Brazil-based Deloitte Touche Tohmatsu Auditores Independentes for violations related to failures to cooperate with a Board investigation. In today’s ...
Former lead partner of PwC Brazil fined for Audit failures
March 22nd, 2017
The Public Company Accounting Oversight Board (PCAOB) today announced sanctions against a former partner of PricewaterhouseCoopers Auditores Independentes in Brazil for audit failures and violations of PCAOB rules and standards. Wander Rodrigues Teles was the lead partner for PwC ...
Brazil’s economy enters worst recession on record
March 8th, 2017
Latin America’s largest economy Brazil has contracted by 3.6 percent in 2016, shrinking for the second year in a row; statistics agency IBGE said on Tuesday. It confirmed the country is facing its longest and deepest recession in recorded ...
Deloitte Brazil will pay an $8 million civil penalty
December 6th, 2016
The Public Company Accounting Oversight Board today announced that Brazil-based Deloitte Touche Tohmatsu Auditores Independentes will pay an $8 million civil penalty, the largest ever imposed by the PCAOB, to settle charges including issuing materially false audit reports and attempting ...
Microsoft and Brazilian lender are investing together in financial technology startups
October 11th, 2016
Microsoft Corp (MSFT.O) and Brazilian lender Banco Votorantim are investing together in financial technology startups, executives said in a Monday interview, as the U.S. tech company adds a new specialty to its venture capital portfolio in Brazil. Votorantim will ...
Brazilian Police Launch Investigation Into Alleged Fraud at Pension Funds
September 6th, 2016
Brazilian police on Monday said they launched an investigation into alleged fraud of as much as 8 billion reais ($2.5 billion) at the country’s four largest pension funds, all of which are linked to state-controlled companies. Judge Vallisney de ...
Bitcoin Trading is Exceeding Gold Trading in Brazil
July 14th, 2016
A report has revealed that the total value of bitcoin trading among digital currency exchanges in Brazil has now surpassed that of gold spot trading on the Brazilian Securities, Commodities and Futures Exchange – the country’s securities market authority ...
