Finance

BRB Shareholders Greenlight Capital Raise Up to $1.8 Billion

The Banco de Brasilia (BRB) headquarters in Brasilia.Photographer: Arthur Menescal/Bloomberg

Leia em português.

Banco de Brasilia SA’s shareholders approved a capital raise of as much as 8.8 billion reais ($1.8 billion) to help bolster the Brazilian bank after it was stung by transactions it made with the failed Banco Master SA.