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Government Intervenes in Brazilian Bank

Oct 22, 2012

Brazil’s central bank has taken control of Banco BVA, it says, after finding violations of industry standards and deteriorating finances. The bank was in need of around BRL1bn ($493m) in capital, according to local news and wire...

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It’s going to be a tough road for [Maduro]. Given the blow to Chavismo with the death of Chavez, there is a real likelihood of some form of real change in Venezuela.

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