OCC approves Brazilian banking giant in U.S.
Key insight: Brazil-based Itaú Bank, Latin America’s largest bank, was granted a charter to operate in the United States by the Office of the Comptroller of the Currency Aug. 14. The approval was announced Friday afternoon. Forward look: Itaú’s U.S. subsidiary plans to serve high- and ultra-high-net-worth customers with connections to Brazil and Latin America…