Citigroup Saying ‘Adios’ to Retail Banking in LatAm

Post on February 22, 2016, 1:48 pm by the-victoria-law-group 0 Comments

Citigroup Inc., the bank that gets more revenue from outside its home market than any of its U.S. competitors, plans to sell retail-banking and credit-card operations in Brazil, Argentina and Colombia. The businesses will be moved into the Citi Holdings unit, which houses the company’s unwanted assets, effective this quarter, the New York-based company said Continue Reading…

Filed Under: Amazon

Shell Oil Not Afraid of Brazil

Post on February 19, 2016, 1:17 pm by the-victoria-law-group 0 Comments

Hot on the heels of their $52-billion takeover of BG Group going into effect last month, Shell appears poised to make big moves in Brazil. Already the second largest oil and gas producer in Brazil, Shell has set its sights even higher. The only thing that stands in its way is state-owned Petrobras. Ben van Continue Reading…

Filed Under: Americans in Brazil

Lost in Translation: Wal-Mart Stumbles Hard in Brazil

Post on February 18, 2016, 3:48 pm by the-victoria-law-group 0 Comments

When Wal-Mart Stores Inc. first expanded into Brazil’s Midwestern farm-belt city of Campo Grande seven years ago, the economy was booming and executives were eager to open stores even in sub-prime locations on one-way streets heading out of town. It didn’t last. At the end of December, the U.S. retailer closed both of its Maxxi Continue Reading…

Filed Under: Amazon