Photographer: Miguel Schincariol/AFP/Getty Images

Brazilian Crisis Does What Three Coups and a Default Couldn't

Updated on
  • Second-oldest brokerage joins wave of closures as losses mount
  • Exchange promised 4.5 million new investors, lured just 6,000

Corretora Souza Barros Cambio e Titulos SA survived three coups, a sovereign default and hyperinflation that doubled prices every other month. But Brazil’s second-oldest brokerage couldn’t withstand today’s crisis.

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