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Global News: Brazil's Central Bank Takes Over At Santos.

Publication: The Banker
Publication Date: 01-DEC-04
Format: Online - approximately 288 words
Delivery: Immediate Online Access
Full Article Title: Global News: Brazil's Central Bank Takes Over At Santos.(Banco Santos)(Banco Central do Brasil )(Brief Article)

Article Excerpt
Brazil's central bank assumed control of the operations of struggling Banco Santos on November 15 after the latter was ordered to provide R$700m ($251m) to cover defaulted loans, a sum that exceeded its ability to pay by R$100m.

In terms of size, Banco Santos is ranked 21st among Brazil's...

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