Brazil's “choppy waters" worry bankers

Brazil's “choppy waters" worry bankers

Equity IPO Brazil Capital Markets Interviews

Political noise and a deteriorating fiscal outlook are taking their toll on activity in the Brazilian capital markets after a flurry of initial public offerings (IPOs) over the past year, a senior banker told LatinFinance, while concern is spreading across the country. Brazil's controversial President Jair Bolsonaro has clashed with the judiciary and triggered institutional instability, and also announced a costly new social assistance program in the run-up to next year’s presidential elections

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