Demand for investment-banking services slowed in Brazil on concern the nation’s credit rating would be cut, combined with the biggest corruption scandal in the country’s history, involving the state-owned oil company known as Petrobras. The slide will probably ease later this year, according to Jean-Marc Etlin, chief executive officer for Banco Itau BBA SA’s investment-banking business.
Brazil Investment Banking Affected by Petrobras Scandal and Economic Slump

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