Brazil : Anarkismo.net: The global power of finance capital - the effects in Brazil - 2 by BrunoL (pt)

In the fourth article of the series, I continue the debate about the financial capital and 
its action in the Brazilian economy. I emphasize that the criticism is presented about the 
elements of continuity of FHC was perpetuated during Lula-Dilma (started in 2003). To 
recognize that the world standard of capitalism Brazil has relatively tougher rules and a 
comparatively more stable financial system, but that's it. The following data, the 
turnover of banks in 2013, are the Econom?tica and were obtained in G1, Leaf and Estad?o. 
---- The first, at least, was the Bank of Brazil, with net income of U.S. $ 15.75 billion 
in 2013. Following comes the Ita? Unibanco with net income of R $ 15.696 billion, above 
the result of R $ 13.594 billion a year earlier. In third position is Bradesco, with a net 
income of R $ 12.011 billion in 2013, an amount above U.S. $ 11.381 billion recorded in 
the previous year.

The room was better placed Santander Brazil, which represents something very significant 
on a global scale. In 2013 the Spanish capital stock closed with U.S. $ 5.7 billion, a 
decrease compared with U.S. $ 6.329 billion in 2012. Despite consecutive declines of 5%, 
Santander recognizes that 47% of its worldwide turnover of 4 37 billion Euros - over 90% 
more than in 2012 - comes from Latin America, 23% from Brazil. Europe represent 43% of 
that profit, with 7% for Spain and 17% for the UK. Enter the U.S. with 10% of this profit.
That's why whenever there is early fall in the basic interest rate appears someone 
reliable bank, organic or expert advice, specialist speech does the risk of inflation. The 
Selic target implies almost a quarter of the profits of this bank in the world scale. At 
Santander we can take example of other large operators of banks in the country and see 
proportionally astronomical billing rates.

There's more. Santander occupies the 8th position in the ranking of accumulated power, 
measured by the owner of the Brazil project. In this same index, Bradesco is fourth in the 
19th and Ita?. This list contains the same fund state pension companies, especially the 
Previ (Bank of Brazil) in 2nd place. These funds are key element, along with the BNDES and 
state banks, for federal investment policies.
It should play a joke - real and not graceful - coming from the times of foot of Wall 
Street (Stock Exchange New York NYSC) as a visitor watched the yachts of the senior 
partners of brokers moored in marinas on the Hudson River estuary. The observer said: 
"Interesting, but I would rather see the yachts of the common investors and depositors." 
The same goes for the financial health of the common Australian. By hitting a record after 
another, the concentrated banking center reflects the volume of transfer income for 
lenders and holders of collective resources and not the depositors and savers.

Bruno Lima Rocha is professor of international relations and political science
(Www.estrategiaeanalise.com.br / blimarocha@gmail.com)