UBS and Banco do Brasil to launch an investment bank in South America

Pedro Gonçalves
UBS and Banco do Brasil  to launch an investment bank in South America

UBS and Banco do Brasil have inked a deal to provide investment banking services and institutional securities brokerage in Brazil and some countries in South America. Per the terms, UBS will hold the controlling stake with 50.01% ownership interest. Also, the investment bank will be fully incorporated into UBS' Global Banking and Global Markets platforms. The new bank will deliver investment banking and institutional securities brokerage services in the region, covering Brazil. In do...

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