Morgan Stanley dragged into Brazil bank fight: report

Brazilian authorities want investment banking giant Morgan Stanley to return about 113 million reais associated with a stock sale by shareholders of troubled lender Banco Cruzeiro do Sul, which was seized ...

Brazil’s central bank seized mid-sized lender Banco Cruzeiro do Sul and placed it under the administration of banking insurance deposit fund FGC for 180 days after uncovering a series of irregularities

SAO PAULO (Reuters) - Deutsche Bank AG agreed on Monday to pay $20 million to settle charges in Brazil that Europe's largest investment bank by revenue helped manage funds embezzled by former city of São Paulo officials in the 1990s, a prosecutor said on Monday.

SAO PAULO (Reu

RIO DE JANEIRO (Reuters) -

Banco Cruzeiro do Sul would be the third small or midsize Brazilian bank to fail in two years. Most customer deposits will be covered by the country's deposit-insurance program.

Banco Cruzeiro do Sul would be the third small or midsize Brazilian bank to fail in two years. Most customer deposits will be covered by the country's deposit-insurance program.

Morgan Stanley (MS) said on Friday that it is looking to make busy the idle money it gained from divesting financial and investment securities that had not been bearing much fruit for the bank. One of the senior managers from Morgan Stanley said that the bank is exploring opportunities that will help it improve its profit levels. The money made from the sale of unprofitable trades will be ploughed into beneficial financial securities including municipal bonds, credit and collateralized instruments.