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Brazilian Banks: Consumer Spending Cuts Could Be Due to Rise in Online Sports Betting | PYMNTS.com

Brazilian Banks: Consumer Spending Cuts Could Be Due to Rise in Online Sports Betting | PYMNTS.com

Online sports betting reportedly may be contributing to consumer spending growing slower than expected in Brazil. Some banks and think tanks are making that connection at a time when online sports betting has become a “craze” in Brazil, Reuters reported Friday (Sept. 20). Brazil has become one of the world’s top six betting markets, according...

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Febraban calls for expedited credit card betting ban in Brazil

Febraban calls for expedited credit card betting ban in Brazil

The Brazilian Federation of Banks (Febraban) has urged the government to expedite its ban on using credit cards for betting, which is currently set to take effect on January 1, 2025. This move comes as concerns grow over the increasing use of credit cards for betting activities and their potential financial risks. Brazil is preparing...

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HSBC aims to duplicate its British wealth business, plans to reach among top five in UK banking – Times of India

HSBC aims to duplicate its British wealth business, plans to reach among top five in UK banking – Times of India

HSBC’s head of wealth and personal banking, Jose Carvalho said that the bank is eyeing one of the top five positions in the United Kingdom supported by its global presence to attract customers in more than one market or who are from overseas. “International connectivity is our competitive advantage and is driving growth.” news agency...