The Banco do Nordeste do Brasil (BNB) is a multiple financial institution created in 1952 and organized as a private and public joint stock company, being more than 90% of its capital controlled by the Federal Government.
The largest South American institution oriented towards regional development, the BNB is the organism in charge of the materialization of public policies, being responsible for the operation of programs like the National Program for Family Agriculture Support (Pronaf) and the administration of the Northeastern Constitutional Financing Fund (FNE), the main source of funds operated by the Company. Besides federal resources, the Bank has access to other financing sources, both in the foreign and domestic markets, through partnerships and agreements with national and international institutions, including multilateral institutions like the World Bank and the Inter-American Development Bank (IDB).
US gains access to European banking data - 01.08.2010 US terror investigators can now take advantage of the terms of an agreement drawn up with the EU, which gives them access to the details of bank transfers taking place between the EU and the rest of the world. Source: Deutsche Welle
Results of the 2010 EU-wide stress testing exercise - 23.07.2010 Further to its statements issued on 18 June, 7 July and 19 July 2010, CEBS today releases its summary report on the results of the EU-wide stress test exercise. Source: The Committee of European Banking Supervisors (CEBS)
European banks face stress test - 08.07.2010 The European Union and European Central Bank are pushing for more than 100 European banks to be stress tested, in an effort to avert another financial crisis. Source: Financial News
Siemens plans to set up its own bank - 30.06.2010 German industrial conglomerate Siemens AG plans to set up a bank of its own in an effort to reduce risks of financing difficulties following the economic crisis, the company said Monday. Source: Associated Press
Greek leader considers action against US banks - 17.05.2010 Greece may investigate U.S. investment banks and their role in the run-up to the Greek debt crisis which has shaken faith in euro zone economies, Prime Minister George Papandreou said in comments broadcast on Sunday. Source: Reuters
