Brazil Central Bank Said to Demand BTG Sell Assets, Cut TradingBy
Regulators said to have worked closely on FGC negotiations
Monetary authority said to view BTG steps so far as sufficient
Brazil’s central bank is demanding Grupo BTG Pactual SA sell assets and reduce equity and derivatives trading to free up collateral as the bank struggles to shore up liquidity after the arrest of its founder last week, according to a person with direct knowledge of the matter.
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