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Deadline approaching for suits against banks stemming from economic plans

Deadline approaching for suits against banks stemming from economic plans

Savings account holders at Brazilian banks from March to June 1990 have until the end of February to file lawsuits stemming from the government’s economic plans at that time, according to a release from local law firm Innocenti Advogados Associados. There are an estimated 180bn reais (US$102bn) in claims currently pending against the country’s banks from 1987-91, when successive governments tried to implement measures to tame inflation, improve capital flows and bring back the capacity for cont … Read the full article.

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This entry was posted on Friday, January 15th, 2010 at 11:56 pm and is filed under Stock & Bond Market News. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

CEO: Standard Chartered’s bank license about client footprint, not BCB crackdown

Although Brazilian central bank BCB has been cracking down on representative offices, the local unit of UK bank Standard Chartered is angling for a local banking license in order to take advantage of increasing trade flows from Brazil to its clients in Asia, Africa and the Middle East, unit CEO Airton Villafranca told BNamericas. Standard Chartered has had a representative office in Brazil for more than 35 years, but the increasing trade between Brazil and the countries where it has built its c … Read the full article.