CORPORATEBrazil
Caixa posts R$ 3.5 billion recurring profit in 3Q26, down 7.4%
Caixa posted recurring net income of R$ 3.486 billion in 3Q26, down 7.4% year on year, with net interest income of R$ 18.3 billion, up 11%.
SectorsSector
Brazilian banks
Banking institutions exposed to credit, funding, regulation and economic activity in Brazil.
45articles
61material mentions
12connections
Last 90 days
What sources are saying
Banks dragged the Ibovespa on August 17, the CVM opened a case against Banco do Brasil's CEO over share remarks, and record corporate delinquency reinforces the defensive credit cycle.
Updated November 13, 2026 · 35 verified articles
Market transmission
Why it matters
Delinquencies, net interest margins, liquidity, capital and confidence transmit shocks through the sector.
Explanatory mechanism, not a forecast or recommendation.Articles in chronological order
45CORPORATEBrazil
BTG Pactual posts adjusted profit of R$ 5.3 billion in 3Q26, up 17%
BTG Pactual posted adjusted net income of R$ 5.3 billion in 3Q26, up 17% from a year earlier, with an adjusted return on equity of 26.4%.
CORPORATEBrazil
Bradesco earns R$ 7.1 billion in the third quarter, up 14.6%, and renews share buyback
Bradesco posted recurring net income of R$ 7.1 billion in the third quarter of 2026, up 14.6% from a year earlier, with a 16.1% ROAE, according to Investidor10 and NeoFeed. The bank also renewed its buyback program for up to 53.4 million common and 53.2 million preferred shares over 18 months.
MACROBrazil
Business defaults hit a record 9.3 million in August, Serasa says
The number of businesses in default reached a record 9.3 million in August 2026, up 14.3% from a year earlier, with R$ 244.4 billion in debt across 68.2 million overdue accounts, according to Serasa Experian data reported by UOL and Poder360.
CORPORATEBrazil
Ri Happy files for out-of-court reorganization to renegotiate R$ 827.4 million in debt
Grupo Ri Happy, owner of the Ri Happy and PBKids chains, filed for out-of-court reorganization to renegotiate R$ 827.4 million in debt, according to InfoMoney and NeoFeed. The company confirmed the filing on October 19 and says part of its creditors already back the plan.
MACROBrazil
Agribusiness judicial recovery filings fall 20.7% in the second quarter, Serasa Experian says
Agribusiness judicial recovery filings totaled 448 in the second quarter of 2026, down 20.7% from 565 a year earlier, according to a Serasa Experian survey reported by CNN Brasil and Exame. Among individuals, filings fell year on year but rose from the first quarter.
CORPORATEBrazil
Santander Brasil approves R$ 1.5 billion in interest on equity, with a record date of October 20
Santander Brasil approved the distribution of R$ 1.5 billion in interest on equity. Shareholders on record on October 20 are entitled; the shares trade ex-dividend on October 21, and payment starts on November 9.
MACROBrazil
Contactless Pix no longer has a R$ 500 per-transaction limit from October 1
The central bank removed the R$ 500 per-transaction cap on contactless Pix from October 1, according to Agência Brasil, g1, Folha and CNN Brasil. With the change, limits set by each institution and by customer profile apply. Contactless Pix allows payment by tapping the phone on the card machine, without opening the bank app.
MACROBrazil
Government creates the third phase of Desenrola, in which the federal government buys up to R$ 150 billion in household debt with a minimum 90% discount
President Lula signed on September 25 a provisional measure creating the third phase of the Desenrola program, in which the federal government may buy at auction portfolios of debts overdue for two to four and a half years, of up to R$ 10,000 each, and pass the discount on to debtors. Up to R$ 150 billion in debt may be eligible, with a minimum 90% discount; the government set aside R$ 15 billion for the program, according to Planning Minister Bruno Moretti. Caixa and Banco do Brasil may execute the operations, and the timeline calls for a creditor call in November and discounts starting in February 2027.
MACROBrazil
Operation Crédito Oculto, an offshoot of Carbono Oculto, targets a money laundering scheme in the purchase of a fuel distributor
The Federal Revenue Service, the Gaeco prosecutors unit and the São Paulo Finance Department launched Operation Crédito Oculto on September 24, an offshoot of Carbono Oculto, with 32 warrants against 13 individuals and 19 companies in seven states. The investigation points to money laundering structures using investment funds, fintechs and shell companies to finance the purchase of a fuel distributor and conceal a sugar and ethanol mill; according to the Revenue Service, a traditional bank was used in a linked transaction. According to Bloomberg Línea, Banco Genial was among the targets.
CORPORATEBrazil
Santander asks the CVM for foreign issuer and BDR registration and advances its exchange offer for the 10% of Santander Brasil it does not own
Banco Santander filed with the CVM on September 22 requests for registration as a category A foreign issuer, for its BDR program and for the public exchange offer, plus a request to admit the BDRs to trading on B3, according to a Santander Brasil material fact. The voluntary offer, announced in July with a 15% premium over the July 30 close, targets the roughly 10% of Santander Brasil shares and units still outstanding, with an exchange ratio of 0.2028 BDR per share and 0.4056 per unit. The UBS BB appraisal puts the economic value between 12.62 and 13.88 euros per Santander share; the F-4 form at the SEC has not yet been declared effective.
CORPORATEBrazil
Caixa employees reject the bank third offer and the strike that began on September 10 continues
In virtual assemblies held on September 21, more than 90% of the union bases of Caixa employees rejected the bank third offer and kept the nationwide strike that began on September 10, for an indefinite period. The offer raised from 6.5% to 9% of payroll, from 2027, the cap on the bank contribution to the Saúde Caixa health plan, the main item of the specific agreement negotiated since June. The strike command is due to announce next steps; there is no date for a new round.
MACROBrazil
Durigan says government weighs having the Treasury buy old household debts at a discount via auctions
Finance Minister Dario Durigan said on September 18 that the government is studying a program in which the National Treasury buys old household debts, acquired at auction with steep discounts, to clear debtors' names and banks' balance sheets. The proposal will be presented to President Lula; according to Gazeta do Povo, the plan would target debts older than five years, with support from Emgea, from early 2027 and without compromising the fiscal target.
MACROBrazil
Central Bank changes Pix rules: waiver for institutions above 500,000 accounts, Pix Automático in payroll accounts in 2027 and immediate suspension in liquidation
The Central Bank regulated a package of Pix changes on September 18. Institutions with more than 500,000 active accounts may be exempted from mandatory participation when their client profile does not justify it; Pix Automático becomes available in payroll accounts from July 1, 2027; hybrid billing, which merges bank slips and QR codes, and new fraud-flagging rules take effect on February 1, 2027; and institutions under extrajudicial liquidation are suspended immediately.
CORPORATEBrazil
Caixa and bank workers resume talks after a week of strike, which continues with no end date
Caixa Econômica Federal and employee representatives resumed talks on September 16, a week after the start of the national strike, which continues indefinitely. The deadlock is over the funding of Saúde Caixa, the employee health plan, within the collective agreement renewal; there have been 54 meetings and four proposals from the bank. Update: on September 17 the bank presented a new proposal, raising its Saúde Caixa contribution from 6.5% to 9% of payroll from 2027, and the category votes on September 21 on whether to end the strike.
CORPORATEBrazil
Itaú consolidates its European wholesale and investment banking operations in Luxembourg and moves staff from London
Itaú Unibanco announced on September 15 that it will consolidate in Luxembourg its European corporate and investment banking, global markets and the wealth management operations of Portugal and the United Kingdom, moving part of the team now in London; the European structure serves about 350 companies and more than 50 global fixed income and equity accounts, manages US$ 51 billion in assets and US$ 7 billion in loans, and the reorganisation should be completed by the end of 2027, per Bloomberg Línea and Reuters via Money Times.
CORPORATEGlobal
Bank of America CEO projects flat trading and lower fees in the third quarter and US bank stocks fall
Brian Moynihan, Bank of America chief executive, said at a Barclays conference on September 14 that third-quarter sales and trading revenue will be relatively flat versus the same period of 2025, ending a 17-quarter growth streak, and that investment banking fees should come in between US$ 1.6 billion and US$ 1.8 billion, below the roughly US$ 2 billion Wall Street expected; the bank stock fell during the session, from 3.3% in the early afternoon to more than 5% near the close, the biggest drop since April 2025, and Goldman Sachs, Citigroup and JPMorgan also declined.
EMPRESASBrazil
Caixa employees reject the final offer and keep the national strike, while Banco do Brasil signs a deal through 2028 and ends its stoppage
In assemblies closed on the night of September 11, Caixa employees rejected the bank's final collective-agreement offer, with 68% voting against in the São Paulo base, and keep the national strike begun on September 10; the sticking point is the Saúde Caixa plan, with contributions of 2.3% to 4.1% of salary, charges per dependant and a co-payment cap rising from R$ 3,600 to R$ 4,800, and the bank is expected to withdraw the offer and seek arbitration in the labour court. At Banco do Brasil most bases approved the offer, the agreement was signed on September 11 valid through 2028, with profit-sharing brought forward to September 16, R$ 360 million to the Cassi health plan and 35-day paternity leave, and the stoppage continues in only 18 bases.
MACROBrazil
Supreme Court releases Master case files after Fachin orders Mendonça to lift secrecy within 24h; R$ 108 million contract with Barci de Moraes law firm surfaces
The Supreme Court released the Master case files on September 11 after Chief Justice Edson Fachin gave rapporteur André Mendonça 24 hours to lift secrecy, preserving only ongoing inquiries: among them, the Federal Police report on Daniel Vorcaro's phone and the January 2024 contract between Banco Master and the Barci de Moraes law firm, worth R$ 108 million net in 36 instalments of R$ 3 million (R$ 131.3 million gross), plus an unsigned Viking Participações draft. Mendonça denied fellow justices access to the full phone data, drawing criticism from Moraes and Zanin, and the full court holds an extraordinary session on September 15; DI futures closed flat as investors bought protection.
EMPRESASBrazil
Correios formally seek a Treasury guarantee for a new R$ 7 billion loan, the second in under a year
Correios formally requested a National Treasury guarantee for a new R$ 7 billion loan from private banks, the second in under a year after the R$ 12 billion contracted in December 2025 with Itaú, Bradesco, Santander, Banco do Brasil and Caixa; Poder360 details Banco ABC, Citibank, Deutsche Bank and J.P. Morgan as lenders, a cost of 114.26% of CDI, 15 years with 3 of grace and disbursement expected September 15, while the state company says terms are still under negotiation. The company lost R$ 5.55 billion in the first half.
EMPRESASBrazil
Nubank launches in the US with Lead Bank: a 3.5% account and a 1.5% cashback card while it awaits its charter
Nubank announced on September 10 the start of its US operations in partnership with Lead Bank, an FDIC-insured institution that holds the deposits: an account yielding 3.5% a year, fee-free transfers and a no-fee credit card with 1.5% cashback, plus Nu Global, a digital dollar and euro account (USDC at 3.5% and EURC at 2.2%) for more than 35 countries. Its own bank charter, conditionally approved by the OCC in January, is expected in 2027.
EMPRESASBrazil
Caixa staff start an open-ended national strike and Banco do Brasil sees partial stoppages in five regions
Caixa employees began an open-ended national strike on September 10 after more than 90% of union bases rejected the bank-specific collective agreement, with the Saúde Caixa health plan at the centre of the dispute; at Banco do Brasil the stoppage is partial, in Brasília, Rio de Janeiro, Porto Alegre, Pernambuco and Florianópolis, where bases rejected the convention. The general bank-workers convention, with INPC plus 0.6% real increase, was signed by Fenaban on September 9.
MACROBrazil
Federal Police summon Galípolo, Campos Neto, André Esteves and Ailton de Aquino as witnesses in the Master case
The Federal Police summoned Central Bank president Gabriel Galípolo, former president Roberto Campos Neto, BTG Pactual chairman André Esteves and BC supervision director Ailton de Aquino to testify as witnesses in the investigation into the supervision of Banco Master, Estadão revealed on September 9, with independent confirmation by Correio Braziliense. The four were named in the testimony of Paulo Sérgio Souza, former deputy director of banking supervision at the BC.
EMPRESASBrazil
Inter launches in Argentina with Grupo Bind and a dollar account with access to US stocks and Treasuries
Inter began operating in Argentina on September 8, in partnership with Grupo Bind, which processes transactions for over 70% of the country's digital wallets: the Global Account lets Argentines deposit pesos via CVU, hold a dollar balance with a debit card and invest in US stocks, ETFs and Treasuries through Inter Securities.
EMPRESASBrazil
Banco do Brasil, Caixa and credit unions sign deal to tokenize mortgage credit, with tests in March 2027
Banco do Brasil, Caixa and the credit unions Ailos, Sicoob, Sicredi and Unicred signed on September 4 a technical cooperation agreement with the National Operator of the Electronic Real Estate Registry System to tokenize mortgage credit on blockchain, per CNN Brasil, Money Times and InfoMoney. Infrastructure tests are scheduled for March 2027, per CNN Brasil.
EMPRESASBrazil
Senate approves cut in reinsurers' CSLL from 15% to 9%; bill goes to president
The Senate approved on September 3 bill PL 3,540/2026, which cuts local reinsurers' CSLL from 15% to 9% from 2027 and removes the 30% cap on offsetting tax losses, per Agência Senado and Money Times. The text goes to presidential signature; the relief was already exempted from 2026 fiscal rules by PLP 74.
MACROBrazil
Supreme Court limits free legal aid in labor suits to those earning up to R$ 5,000
The Supreme Court ruled on September 3 that free legal aid in labor courts requires proof of income and is limited to those earning up to R$ 5,000, ending the labor high court's practice of accepting hardship declarations without proof, per Agência Brasil and Money Times. The case was brought by Consif, the financial system confederation; rapporteur Edson Fachin and Justice Cármen Lúcia dissented.
MACROBrazil
Fiscal risk is the top fear of 34% of financial institutions in the central bank's stability survey
The share of financial institutions naming fiscal risk as the biggest threat to system stability rose from 27% in May to 34% in August, per the Central Bank's Financial Stability Survey released on September 3 and covered by CNN Brasil and Poder360. The survey heard 117 institutions between July 2 and 28; default risk ranks second, per Poder360.
EMPRESASBrazil
Central bank orders liquidation of Trustee and Banvox, brokerages linked to Master
The central bank ordered on September 3 the extrajudicial liquidation of Trustee DTVM and Banvox DTVM, brokerages linked to Banco Master through asset management services, for violating financial system rules, per Money Times, Bloomberg Línea and Correio Braziliense. With them, the central bank reaches 17 liquidations in 2026, the most in a year since 2002, per InfoMoney and Valor.
EMPRESASBrazil
C6 Bank buys Alymente and enters the R$ 150 billion corporate benefits market
C6 Bank announced on September 3 the purchase of Alymente, a corporate benefits startup founded in 2017 with more than 100,000 beneficiaries, to be rebranded C6 Benefícios and issue Mastercard multi-benefit cards, per Bloomberg Línea, Seu Dinheiro and NeoFeed. The value was not disclosed and the deal depends on the central bank.
EMPRESASBrazil
PagBank targets R$ 2 billion in dividends through 2028 and launches US$ 150 million buyback
PagBank told the US market on September 1 that it intends to distribute at least R$ 1 billion in dividends in 2027 and R$ 1 billion in 2028, subject to market conditions, and launched its fourth buyback program, of up to US$ 150 million, per Money Times and InfoMoney.
EMPRESASBrazil
Chilli Beans seeks deal with banks to extend debt and denies judicial recovery
Chilli Beans is negotiating with creditor banks to extend maturities and cut interest on its debt and hired André Dela Togna, a former Galeazzi partner, as vice president from October 1, per InfoMoney and Bloomberg Línea. The company denies any discussion of judicial recovery.
EMPRESASBrazil
Santander expects to complete Santander Brasil share-swap offer in first half of 2027
Banco Santander said the exchange offers for Santander Brasil's outstanding shares, in Brazil and the US, should be completed in the first half of 2027, with filings expected in the coming weeks and dependence on regulatory approvals and the parent's shareholders approving a capital increase, per Seu Dinheiro and InfoMoney.
MACROBrazil
Bank delinquency hits record in July, Central Bank data show
Bank credit delinquency hit a record in July, per Central Bank data released August 28, with household defaults at the highest level on record. According to InfoMoney, the free-market credit rate reached 6.4%, a record for the series started in 2011. The rise comes with the Desenrola 2.0 program in effect.
EMPRESASBrazil
Caixa posts R$ 3.9 billion Q2 profit as housing loans top R$ 1 trillion
Caixa reported on August 26 a recurring profit of R$ 3.9 billion for Q2, up 5.9% year-over-year. Its housing loan book topped R$ 1 trillion for the first time. According to CNN Brasil, provisions jumped 97.6% to R$ 7 billion and 90-day delinquency rose to 3.64%.
EMPRESASBrazil
Fux orders Bahia court to keep BRB judicial-deposit contract for 90 days
Supreme Court Justice Luiz Fux ordered Bahia's Court of Justice to keep its judicial-deposit management contract with BRB for another 90 days, at the Federal District government's request. The contract was set to expire August 27. Fux cited a risk of grave, immediate impact on the bank, which handles hundreds of millions of reais monthly in the operation.
REGULAÇÃOBrazil
CVM sets September 8 trial in Master case over alleged REIT fraud
The CVM set September 8 for the trial of the administrative case over alleged fraud with REIT shares involving Banco Master, its controller Daniel Vorcaro and other defendants.
EMPRESASBrazil
Itaú receives preliminary US regulatory approval to open a bank in the US
Itaú Unibanco received preliminary conditional approval from the OCC, the US federal banking regulator, to establish Itaú Bank, National Association. Final authorization still depends on the Federal Reserve and the FDIC.
REGULAÇÃOBrazil
Securities regulator opens case against Banco do Brasil's CEO over share remarks
It became public on August 17 that the CVM opened a sanctioning case against Banco do Brasil CEO Tarciana Medeiros and the investor-relations vice president over statements at the Q2 2025 results release, including remarks encouraging share purchases.
EMPRESASBrazil
XP posts R$1.38 billion adjusted profit in Q2 2026, up 5% on the year
XP Inc. reported adjusted net profit of R$1.384 billion for the second quarter of 2026, up 5% year over year, with gross revenue of R$5.05 billion. The result was released on August 17 and is published in this edition under the 96-hour reconfirmation rule.
CRÉDITOBrazil
Corporate delinquency hits a record 9.1 million companies, Serasa says
A Serasa Experian survey covered on August 17 points to a record 9.1 million companies in arrears in June, with R$232.9 billion in debt, the highest levels in the series started in 2016.
EMPRESASBrazil
Nubank posts record US$1.1 billion profit in Q2 2026, its first above US$1 billion
Nu Holdings reported record net profit of US$1.1 billion for the second quarter of 2026, its first above US$1 billion, up about 49% year over year. The shares reacted with strong gains after the release.
BANCOSBrazil
STF hearing on BRB rescue ends without an agreement
At the STF conciliation hearing on August 13, Dario Durigan of the Finance Ministry said the federal government bears no connection to BRB's crisis, and the session ended without an agreement with the Federal District government on the format of the bank's rescue.
EMPRESASBrazil
Banco do Brasil earns R$3.9 billion in the second quarter
Banco do Brasil's adjusted net income rose 3.3% year over year and 13.9% sequentially. The expanded loan portfolio reached R$1.31 trillion, although the outlook still depends on asset quality and credit costs.
BANCOSBrazil
BRB faces an impasse over guarantees for a credit operation
Banks indicated resistance to guaranteeing BRB's financial support operation without Treasury participation. The Federal District plans to present fiscal indicators to the Supreme Court in an effort to unblock the agreement.