Itaú Unibanco, Brazil’s largest private bank, is set to donate BRL 1 billion (USD 196 million) to help the country fight Covid-19, journalist Elio Gaspari reported. If confirmed, it would be the biggest philanthropic donation in Brazilian history. The money will be destined to the bank’s foundation and will be “administered exclusively by a council formed by healthcare professionals, including the directors of public and private hospitals,” according to Mr. Gaspari.
Since the beginning of the crisis, Itaú Unibanco has already donated BRL 250 million. The official announcement should be made tomorrow morning by chief executive officer Candido Bracher.
In 2000, Formula 1 great Michael Schumacher had just racked up his 41st race win,…
Overall, the worldwide economic outlook has improved according to the Organization for Economic Co-operation and…
“This is f***ing corruption, it has to change,” protested an irate John Textor, owner of…
Eduardo Leite, governor of the southern Brazilian state of Rio Grande do Sul, on Wednesday…
Moody’s is the latest rating agency to improve its assessment of Brazil, bumping up the…
Other finalists include the Harvard Business Review, Fortune, Condé Nast, and the NFL