Igor Cornelsen is a Brazilian banker who is helping Brazil’s financial sector grow. At the end of 2014, Brazil’s economy was fragile. Igor Cornelsen does understand the secret of how banks work in Brazil because of his knowledge of the market, as well as his experience during troubled times. The key secret is that Brazilian bankers only give credit to those worthy of credit. People with credit that is not so good have to use public sector banks as well as cash-based spending or give up on their business plans altogether. This is difficult for the economic development of the company. Brazil is a very uncertain economic climate in modern times.
Brazil is known in the world for being a top food producer because it is the largest country on the continent. Brazil is the largest economy in South America and the 8th largest economy in the world. Brazil has 10 private banks, which are state-owned commercial/investment banks. Banco Itau merged with Unibanco in 2008, according to Cornelson. Other Brazilian banks include Banco Bradesco, Caixa Economica Federal, HSBC, Banco J Safra, Banrisyul, Santander, BTG Pactual, and Banco do Brasil. Unorthodox policies were attempted under the guise of Guido Mantega but Igor Cornelsen remarks on how that failed.
Joaquim Levy is a finance minister wants to add hope for Brazil’s banks. He differs from President Dilma Roussef’s populist ideals. China is Brazil’s largest trading partnership which links both economies to each other. The Chinese buy Brazil’s raw materials. China likewise, is also a competitor of Brazilian exports to other Latin American countries. Brazil has had an expensive currency that makes exports of industrialized goods something that loses competition, which has created a lot of deficits. Cornelsen works with Bainbridge Group Inc., an investment firm. Cornelson is an investment banker.