JPMorgan Makes Push for Debt-Restructuring Business in BrazilBy
Bank drops initial idea of lending to distressed firms
Goal is to keep acting as adviser and exchange dealer manager
Competitors might have been surprised to see JPMorgan Chase & Co. bankers Ricardo Leoni and Daniel Pombo at the negotiating table earlier this year helping Brazilian mining company Samarco Mineracao SA restructure about $3.8 billion in debt.
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