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Still Seeking a Buyer, Cruzeiro Extends Buyback

Sep 14, 2012

The credit guarantee fund administering a tender for Brazil's Banco Cruzeiro do Sul extended its deadline by one day, it says, and is expected to make an announcement about the fate of the bank today. The Fundo Garantidor de Credito's (FGC) offer to buy back $1.58bn of the mid-size Brazilian...

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At a fundamental level, the issue is how to generate healthy returns in the medium to long term. Policy holders can see their fund go down over the course of a week or a month, but what we really should be looking at is returns over 20 or 30 years.

Daniel Schydlowsky, Peru’s banking, insurance and private pension fund regulator


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