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BTG's six billion-real lifeline: a silver bullet or a Band-Aid?

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Client withdrawals have wiped out half of some fixed-income funds that had totalled 12.7 billion reais before Esteves's Nov 25 arrest.

Rio de Janeiro

GRUPO BTG Pactual SA, the Brazilian bank whose CEO was arrested as part of a sweeping corruption scandal, got a lifeline after the country's privately backed deposit-guarantee fund gave it a six billion-real (S$2.2 billion) credit line. Investors are left wondering if it's

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