Morgan Stanley dragged into Brazil bank fight: report
SAO PAULO (Reuters) - Brazilian authorities want investment banking giant Morgan Stanley to return about 113 million reais ($54 million) associated with a stock sale by shareholders of troubled lender Banco Cruzeiro do Sul, which was seized by the central bank this month, Folha de S.Paulo newspaper reported Sunday. The share sale occurred in May, just two weeks before the central bank seized Cruzeiro do Sul and placed the mid-sized bank under the administration of banking insurance deposit fund FGC for 180 days after uncovering accounting irregularities. ...
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