Itau Nears Brokerage Sale in Mexico Investment Bank Retreat

  • Bank has reached agreement with local buyer: Mexico unit CEO
  • Itau plans to maintain research staff in Mexico, Mulas says

Less than two years after expanding its operations in Mexico, Banco Itau BBA SA reached an agreement to sell its brokerage and focus on Latin American countries where it has a bigger presence amid a slump in equity sales.

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