Brazil’s economy suffered its worst slump for quarter of a century last year as a global commodity rout, a domestic political crisis and rising inflation forced businesses to slash spending and jobs.
A possible bid by the Intercontinental Exchange (ICE) for the London Stock Exchange Group (LSE) is reportedly likely to include selling off the London exchange's Italian business and French clearing arm.
Here's 13 of the worst decisions made by banks, regulators and individuals in recent financial markets history.
'It was very painful'.
Morgan Stanley appears to have promoted conflicts of interest in a questionable sales contest that pushed some of their riskiest loans on their richest clients, The New York Post has learned.
Citigroup has hired Goldman Sachs derivatives veterans Dirk Keijer and Quentin Andre for senior sales roles.
UBS France has been placed under investigation over allegations that it intimated a former employee who helped raise flags over potential tax-dodges.
Former HSBC senior credit trader Claus Jorgensen has sued the bank for unfair dismissal after being fired last year.
Jefferies Group, the investment bank owned by Leucadia National, is in talks to lease space at a tower under construction in the City of London, a person with knowledge of the matter said.