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Event Brief

Brazil’s Big Three Banks Shut 938 Branches in One Year

Itaú Unibanco, Santander Brasil, and Bradesco closed 938 branches in 2025, shifting focus to digital channels.
WHO: Itaú Unibanco, Santander Brasil, Bradesco
WHAT: Closed 938 branches
WHEN: Feb 11, 2026 at 2:39 PM ET
WHERE: Brazil
WHY: Accelerating shift to digital channels
Sources (1): Rio Times

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