Banco Garantia

Last updated
Banco Garantia
Type Subsidiary
Industry Financial services
Founded1971;52 years ago (1971)
Founder Jorge Paulo Lemann
Defunct1998;25 years ago (1998)
Headquarters Rio de Janeiro, Brazil
Key people
Adolfo Campelo Gentil
Luiz Cezar Fernandes
Jorge Paulo Lemann
Marcel Herrmann Telles
Carlos Alberto Sicupira
Products Investment
Parent Credit Suisse (1998–present)

Banco Garantia was a bank founded in Rio de Janeiro by businessman Adolfo Campelo Gentil and Jorge Paulo Lemann in 1971. For years it was considered one of the most prestigious and innovative investment banks in Brazil, even being called by Forbes magazine "a Brazilian version" of Goldman Sachs. It was acquired by Credit Suisse in June 1998 and now operates under the name "Banco de Investimentos Credit Suisse". [1]

Related Research Articles

<span class="mw-page-title-main">Banco Bradesco</span> Brazilian banking institution

Banco Bradesco S.A. is a Brazilian financial services company headquartered in Osasco, in the state of São Paulo, Brazil. It is the third largest banking institution in Brazil, as well as the third largest in Latin America, and the seventy-ninth largest bank in the world. It is also one of fifty most valuable banks in the world. The bank is listed at the B3 in São Paulo, where it is part of the Índice Bovespa, in the New York Stock Exchange and in the Madrid Stock Exchange.

<span class="mw-page-title-main">Credit Suisse</span> Swiss multinational bank

Credit Suisse Group AG is a global investment bank and financial services firm founded and based in Switzerland. Headquartered in Zürich, it maintains offices in all major financial centers around the world and provides services in investment banking, private banking, asset management, and shared services. It is known for strict bank–client confidentiality and banking secrecy. The Financial Stability Board considers it to be a global systemically important bank. Credit Suisse is also a primary dealer and Forex counterparty of the Federal Reserve in the United States.

<span class="mw-page-title-main">Central Bank of Brazil</span> Monetary Authority of Brazil

The Central Bank of Brazil is Brazil's central bank. It was established on Thursday, 31 December 1964, a New Year's Eve.

<span class="mw-page-title-main">Itaú Unibanco</span> Brazilian banking company

Banco Itaú Unibanco S.A. is a Brazilian financial services company headquartered in São Paulo, Brazil. Itaú Unibanco was formed through the merger of Banco Itaú and Unibanco in 2008. It is the largest banking institution in Brazil, as well as the largest in Latin America, and the seventy-first largest bank in the world. The bank is listed at the B3 in São Paulo and in NYSE in New York.

The 2002 Uruguay banking crisis was a major banking crisis that hit Uruguay in July 2002. In this, a massive run on banks by depositors caused the government to freeze banking operations. The crisis was caused by a considerable contraction in Uruguay's economy and by over-dependence on Argentina, which experienced a strong phase of an economic meltdown itself in late 2001. In total, approximately 1/3 of the country's deposits were withdrawn and five financial institutions were left insolvent.

<span class="mw-page-title-main">Caixa Geral de Depósitos</span> Portuguese public banking institution

Caixa Geral de Depósitos (CGD) is a Portuguese state-owned banking corporation, and the largest bank in Portugal, established in Lisbon in 1876.

<span class="mw-page-title-main">Jorge Paulo Lemann</span> Swiss-Brazilian banker and businessman

Jorge Paulo Lemann is a Brazilian billionaire investment banker and businessman with dual Brazilian and Swiss citizenship.

<span class="mw-page-title-main">Banco Itaú</span> Former brazilian banking institution

Banco Itaú S.A. was a former Brazilian bank that merged with Unibanco on November 4, 2008, to form Banco Itaú Unibanco.

Sir António Mota de Sousa Horta-Osório is a Portuguese-British banker. He was group chief executive officer (CEO) of Lloyds Banking Group (2011-2021), and chairman of Credit Suisse from April 2021 until 17 January 2022.

<span class="mw-page-title-main">Banco Pan</span> Brazilian bank

Banco Pan, is a Brazilian midsize commercial bank headquartered in São Paulo. The bank main focus is granting consumer loans to individuals of lower to medium income brackets, such as consumer loans, payroll deduction loans, credit cards branded as Visa or MasterCard, insurance products, leasing, and group financial activities.

<span class="mw-page-title-main">Insper</span>

The Insper Institute of Education and Research is a private university located in the Vila Olympia district close to the new business centre of São Paulo, Brazil. The university offers higher education courses on fields of Business Administration, Economics, Engineering, Law and Computer Science.

<span class="mw-page-title-main">Marcel Telles</span> Brazilian investor and businessman (born 1950)

Marcel Herrmann Telles is a Brazilian investor and businessman. Telles is a board member of AB InBev.

<span class="mw-page-title-main">Banco24Horas</span>

Banco24Horas is a Brazilian interbank network. It is the largest interbank network in Brazil, with a market share of 38% in the country. Operated by Tecban, Banco24Horas offers 11,600 ATMs in more than 400 Brazilian cities.

The Deposit Guarantee Fund of Credit Institutions is a fund financed by retail, cooperative, and savings banks as well as the Spanish central bank covering deposits in Spanish banks.

<span class="mw-page-title-main">Banco del Estado de Chile</span>

Banco del Estado de Chile, commercially operating under the brand BancoEstado, is the only Public Bank in Chile and was created by government decree in 1953. It provides financial services to consumers and companies, with a focus on national coverage in terms of geography and social sectors and a particular emphasis on the unbanked and small and medium enterprises, although it serves all types of businesses. It is the country's largest mortgage lender and largest issuer of debit cards. In addition, BancoEstado performs part of the Chilean government's financial activities through the accounts managed by the General Treasury of the Republic of Chile.

References

  1. "CS First Boston to buy Brazil's Garantia - Jun. 10, 1998".