Itaú

Former Itaú CFO's Home Seized Amid Fraud Allegations

11 hours ago

In a significant development within Brazil's financial sector, the former Chief Financial Officer of Itaú Unibanco, one of Latin America's largest banking institutions, faces serious legal troubles as allegations of fraud have led to the seizure of his residential property in São Paulo. This incident underscores the increasing scrutiny of executives in the banking industry and highlights issues surrounding corporate governance and accountability.

Lloyds Banking Group Undertakes Extensive Audit of IT Staff Technical Skills

10 days ago

In a significant move reflecting the evolving landscape of technology within the financial services sector, Lloyds Banking Group has initiated a comprehensive audit aimed at evaluating the technical skills of its thousands of IT employees. The initiative stems from a growing recognition of the importance of digital competencies in a market that is increasingly reliant on technology-driven solutions.

Itau Resilient Amidst Rising Rates: Navigating the Banking Landscape

18 days ago

Brazil’s largest private bank, Itau Unibanco Holding SA, has demonstrated impressive resilience in a challenging financial environment marked by increasing interest rates and heightened competition from fintech companies. In its recent earnings report, Itau showcased its strategy to adapt and thrive, proving that traditional banks can indeed coexist with digital finance challengers.

Investigation Reveals No Clear Cause Behind NJ Transit Train Disruptions

3 months ago

In the recent analysis conducted by NJ Transit, officials have reported the absence of a definitive cause attributed to the series of disruptions that plagued commuter train services over the past weeks. Despite thorough examinations and a series of inquiries into the operational malaise, the agency has not identified any systemic failures or "smoking guns" that could explain the myriad issues faced by riders during this tumultuous period.