Bloomberg It’s taken longer than expected, but total bank lending in Brazil is primed to bounce back from its recession-induced slump. Even as the country heads into an uncertain election, the banking industry’s credit prospects in 2018 are bright, according to Banco Bradesco SA Chairman and Chief Executive Officer Luiz Carlos Trabuco Cappi. That is, as long as the economy ...

Bloomberg Here’s another reason banks should fear the likes of Amazon.com Inc.: A new survey shows consumers are eager to see technology titans take on finance. Nearly 60 percent of US bank customers are willing to try a financial product from tech firms they already use, according to a survey conducted by consult-ant Bain & Co. For younger respondents, the ...

Bloomberg Alibaba Group’s $2.9 billion deal to buy a slice of China’s largest hypermart chain pits it against Wal-Mart Stores Inc. in the world’s largest retail arena. China’s biggest e-commerce company agreed to acquire 36 percent of Sun Art Retail Group Ltd., which operates about 400 hypermarkets under the Auchan and RT-Mart banners. As part of the deal, France’s Auchan ...