Brazil Halts Municipal Market as Banks Collect $140 Million Fees

Brazil Halts Municipal Market as Banks Collect $140 Million Fees

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A view of the town is seen in Ouro Preto, Minas Gerais, Brazil. While Credit Suisse was structuring the deal for Minas Gerais, a mining and agricultural state lined with coffee and dairy farms to the north of Sao Paulo, Goldman Sachs Group Inc. was generating an even bigger windfall from underwriting bonds in another corner of emerging markets.