The Advisory Council for Economic Defence ( CADE ) has approved of Bradesco 's acquisition of HSBC Brazil , but with restrictions . com o Cade como condição para a aprovação da aquisição", informa o Cade As we noted in February , HSBC 's $ 5.2bn sale of its Brazil unit to Banco Bradesco was being probed deeper by the Brazil 's antitrust regulator , Cade , as it was investigating the effects the deal could have on competition in the banking industry . Bank 's agreement to buy Bank 's Brazil unit is its largest acquisition ever , adding 850 branches and $ 45bn in assets after it lost market share to federally controlled Bank do Brasil and Caixa Economica Federal .
The Advisory Council for Economic Defence ( CADE ) has approved of Bradesco 's acquisition of HSBC Brazil , but with restrictions . As we noted in February , HSBC 's $ 5.2bn sale of its Brazil unit to Banco Bradesco was being probed deeper by the Brazil 's antitrust regulator , Cade , as it was investigating the effects the deal could have on competition in the banking industry . Bank 's agreement to buy Bank 's Brazil unit is its largest acquisition ever , adding 850 branches and $ 45bn in assets after it lost market share to federally controlled Bank do Brasil and Caixa Economica Federal .