Banco Bradesco

BBD

HSBC Bank Brasil S.A. - Banco Múltiplo is subsidiary of Banco Bradesco in Brazil. HSBC established Banco HSBC Bamerindus SA to take over Banco Bamerindus do Brasil S.A. in March 1997 and the bank’s name was changed to HSBC Bank Brasil S.A. - Banco Múltiplo in 1999. It was HSBC's lead regional subsidiary in South America and as such it was the regional reporting line for several other countries. It was sold to Bradesco in June 2016.The bank is among the ten largest in Brazil, with more than 1,700 branches and sub-branches in 550 Brazilian cities. The headquarters are located in Curitiba.

Banco Bradesco has been a target of short sellers for a while. The current short interest of 0.39% is roughly at the average of the last 12 months (0.57%).