BTG Gets $1.6 Billion Lifeline From Brazil's Deposit Fund

  • Credit from privately backed FGC fund available immediately
  • Deal strengthens liquidity for normal operations, firm says

BTG Pactual SA received a 6 billion-real ($1.6 billion) credit line from Brazil’s privately backed deposit-guarantee fund Fundo Garantidor de Creditos to shore up cash as the investment bank tries to stem a rout after the arrest of its founder.

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