trending Market Intelligence /marketintelligence/en/news-insights/trending/8DpDWjqy5b98Cvcg2WsiSQ2 content esgSubNav
In This List

Banco do Brasil expanding wholesale division to provide restructuring advisory services

Blog

Banking Essentials Newsletter: January 11th Edition

Blog

Banking Essentials Newsletter December 21st Edition

Blog

The Road to Basel IV: Navigating the challenge facing European banks

Blog

Basel Framework- Utilizing data to analyze the capital position of European banks.


Banco do Brasil expanding wholesale division to provide restructuring advisory services

Banco doBrasil SA is expanding its wholesale division to provide advisoryservices to corporate clients looking to restructure their finances, Reutersreported April 5 citing Maurício Maurano, the bank's vice president forwholesale banking.

Possible solutions include mergers, debt extensions andrepurchases, according to the executive. The state-run bank already has 34 suchtransactions in the pipeline and another 50 under consideration, he reportedlysaid.

In addition to seeking alternatives for companies already in default,the bank is also looking to help other struggling clients sell-offnon-strategic assets to leveraged buyout firms in an effort to avoid defaulting.

According to data from credit research firm Serasa Experian,the number of extrajudicial liquidations requested totaled 155 in February,quadruple the number recorded in February 2015, Reuters noted.