JPMorgan Makes Push for Debt-Restructuring Business in Brazil

  • 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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