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Home BUSINESS NEWS FROM AROUND THE WORLD

Big money lawsuits stir doubt in Brazilian stock market

by Gias
September 14, 2021
in BUSINESS NEWS FROM AROUND THE WORLD
1 min read
0
Big money lawsuits stir doubt in Brazilian stock market
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Sep 13, 2021 13:44 4 min learn

Sooner or later within the coming months, Brazil’s Superior Court docket of Justice (STJ) is anticipated to strive an previous however extremely consequential case involving São Paulo inventory alternate B3 and the Central Financial institution. Greater than twenty years after the swimsuit was initially filed, the bourse seems barely much less sure about its possibilities of profitable — not least as a result of the dispute entails billions of Brazilian Reais.

The case refers back to the position of the Central Financial institution and B3 — then referred to as BM&F (Brazilian Mercantile and Futures Change) — in operations carried out on the futures market to help Brazilian banks…

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