Tag: Banco Cruzeiro do Sul

• Tuesday, October 23rd 2012 - 07:14 UTC

  Sao Paulo police arrest former head of bankrupt Brazilian bank

  

  Police in Sao Paulo said on Monday they had arrested the former head of bankrupt Brazilian lender Banco Cruzeiro do Sul on charges of money laundering and crimes against the country's financial system and capital markets.

• Tuesday, October 23rd 2012 - 00:49 UTC

  Brazil central bank takes over mid-size bank; seventh bail-out since 2010

  

  Brazil’s central bank took control of Banco BVA SA (BVA), the seventh lender seized or bailed out by regulators since 2010, after finding violations of industry standards and deteriorating finances.

• Saturday, September 15th 2012 - 05:19 UTC

  Two Brazilian mid-sized banks ordered liquidation by monetary authorities

  

  Brazil's central bank ordered the liquidation of Banco Cruzeiro do Sul on Friday after no one stepped up to acquire the troubled lender, raising doubts about government oversight of small and mid-sized banks.

• Wednesday, June 6th 2012 - 06:30 UTC

  Consumer lending bank seized by Brazil’s Central bank for ‘serious financial violations’

  

  Brazil’s easy money policies have squeezed yet another of its banking weaklings. The country’s central bank seized consumer lender Banco Cruzeiro do Sul on Monday for “serious” financial violations. The episode serves as another example of a bank losing its way in Brazil’s lending frenzy