Wednesday, November 19, 2008

Most Profitable Banks in the US and Latin America

Brazil has 5 banks among the top 20 most profitable banks in the US and Latin America, according to a report by Economatica. Amazingly, among Latin American banks, only Itau and Unibanco actually showed a drop in profitability in the third quarter. Since Itau bought Unibanco, they would actually rank 2nd on the list with a combined profit of $1.3B.

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