Itau Unibanco, the Brazil-based private lender, is mulling to acquire stakes in one of the UK banks that received government lifeline during the global financial crisis as part of a global expansion, reported Reuters citing the Sunday Times
According to Pedro Malan, chairman of international advisory board of Itau Unibanco, the Sao Paulo-based bank may bid for stakes in RBS and Lloyds as the UK government prepares to sell of its stakes.
Reportedly, Mr Malan has said that the bank is also considering a number of deals across various countries inluding the US. He added: “Of course we’re looking. But we’re not in a hurry. We think we have time,” reported the newspaper.
