Brazilian banks tread cautiously on expansion

John Rumsey | 03/03/2010 12:00 am
cp/76/Vansetti-Hutchins_Celina.jpg

Celina Vansetti-Hutchins, senior analyst at Moody's in New York

Recent rumours about Brazilian bank expansion would suggest that the country's main players are thinking big. Itaú Unibanco in particular has been linked with a number of deals across the globe, while Banco do Brasil is believed to be considering a move into Argentina. The reality, however, looks likely to be much more prosaic. Writer John Rumsey

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