Reuters: Regulatory News: Brazil's central bank extends Banco BVA intervention for 90 days

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Brazil's central bank extends Banco BVA intervention for 90 days Apr 18th 2013, 12:08 SAO PAULO, April 18 | Thu Apr 18, 2013 8:08am EDT SAO PAULO, April 18 (Reuters) - Brazil's central bank on Thursday extended its intervention in bankrupt small-sized lender Banco BVA SA for 90 days, according to a statement. The central bank had seized Banco BVA, which is based in Rio de Janeiro, on Oct. 19, citing deteriorating financing conditions and a breach of regulations. Regulators at the time had given administrators of the bank 90 days to find a buyer or face liquidation.

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