Friday, October 19, 2012

Reuters: Regulatory News: Brazilian Banco BVA needed 1 bln reais in capital -govt source

Reuters: Regulatory News
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Brazilian Banco BVA needed 1 bln reais in capital -govt source
Oct 19th 2012, 13:31

BRASILIA | Fri Oct 19, 2012 9:31am EDT

BRASILIA Oct 19 (Reuters) - Brazilian lender Banco BVA , which the central bank took over early on Friday, required 1 billion reais ($493 million) in fresh capital but controlling shareholders failed to raise the funds, a senior government official with direct knowledge of the situation told Reuters.

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