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Brazil currency cartel probe may expand to more banks

But it is unlikely to result in trading bans, says antitrust watchdog chief

MR CARVALHO: 'I can't imagine a situation in which you simply ban a company from operating. I don't think that makes sense from a competitive standpoint.'


BRAZIL'S investigation of an alleged currency cartel formed by 15 of the world's largest banks could expand to more financial institutions, but it is unlikely to result in trading bans, the head of antitrust watchdog Cade told Reuters on Wednesday.

Vinicius Carvalho,

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