Analysis: Itau may change Brazil card industry with Redecard buy
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Analysis: Itau may change Brazil card industry with Redecard buy

São Paulo : Brazil | Sep 25, 2012 at 8:20 AM PDT
Source: Reuters
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Itau previously owned 50.1 percent of Redecard, which contributed to 7 percent of the bank's profit last year. "With Redecard folded into Itau, the new competitive scenario will reinforce banks' role as a distribution channel," said Francisco Kops, an analyst with J Safra Corretora in Sao Paulo.... FULL ARTICLE AT Reuters
 
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