Brazil crisis may have silver lining: rule of law

By Martin Langfield November 25, 2015 The author is a Reuters Breakingviews columnist. The opinions expressed are his own. The news from Brazil will get worse before it gets better. The arrest of billionaire banker André Esteves suggests room for further nasty surprises from the Petrobras corruption probe. The roughly $2 trillion economy, Latin America’s biggest,... Continue Reading →

How Brazil’s Banking Golden Boy, Arrested in Rio, Built an Empire

Andre Esteves, the brash banker who once joked his firm’s name, Grupo BTG Pactual, stood for ‘better than Goldman,’ became the latest high-profile executive dragged into Brazil’s widening corruption scandal. The 47-year-old billionaire was arrested Wednesday in Rio de Janeiro, along with Senator Delcidio Amaral, police said. Esteves allegedly sought an agreement with Amaral to interfere with testimony... Continue Reading →

Brazilians do not know where the buck stops…

  This morning, the Brazilian Federal Police armed with arrest warrants, issued by the federal prosecutors and the Supreme Court, arrested Delcidio Amaral, senior senator for the Workers Party and Senate Leader, and Andre Esteves , billionaire CEO/owner of investment bank BTG Pactual. Both charged with trying to buy the silence of ex Petrobras International... Continue Reading →

Brazil’s Real Leads Major Currencies Lower on Corruption Arrests

Brazil’s real weakened the most among major currencies a corruption probe that has engulfed the state-run oil giant reached Grupo BTG Pactual, the largest independent investment bank in Latin America. Andre Esteves, BTG Pactual’s billionaire chief executive officer, was arrested along with the government’s leader in the Senate, Delcidio Amaral, a police press official said, declining... Continue Reading →

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