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    Morgan Stanley dragged into Brazil bank fight: report

    Sun, 06/24/2012 - 11:56 EDT - Yahoo! Business News
    • YahooBizNews

    The headquarters of Morgan Stanley is pictured in New YorkSAO 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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    • 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.

    • 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 seizes Cruzeiro do Sul bank

      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

    • Deutsche Bank to pay $20 million to settle Brazil charges

      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.

    • China Has Soured On Brazil

      SAO PAULO (Reuters) - For Chinese investors, Brazil is no longer the promised land. After making a big push into the South American giant in search of raw materials such as iron ore, as well as a promising market for their consumer goods, Chinese executives have grown frustrated with stagnant economic growth, heavy costs and what they see as a political and popular backlash against their presence.

    • It's Firesale Time For Brazil's Fake Goldman; The Real Goldman Answers 6 Key Questions

      When last we checked in on BTG Pactual, “people were afraid.” Why? Because the once proud investment bank that billionaire Andre Esteves boasted would be “better than Goldman” is scrambling to raise cash after Esteves’ arrest prompted investors to pull nearly half of their money from the bank’s fixed income funds and triggered a harrowing decline in the company’s equity and debt. 

    • All of Sao Paulo is at risk for yellow fever, the World Health Organization says

      Nacho Doce/Reuters SAO PAULO (AP) — The World Health Organization announced Tuesday that it now considers all of Sao Paulo state at risk for yellow fever, recommending that all international visitors to the state be vaccinated.

    • Brazil to Liquidate Troubled Lender

      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.

    • Brazil to Liquidate Troubled Lender

      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.

    • Brazil has enlisted its army in the fight against Zika

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