Arrest of Brazil Financier Puts Focus on Small Banks [1]

The New York Times - Simon Romero, 10/24/12

RIO DE JANEIRO — Brazilian authorities have arrested the chief executive of a bank engulfed in an accounting scandal and detained him in prison, a rare step that has focused attention on the weaknesses emerging among an increasing number of small banks there.

Large banks hold exceptional sway in Brazil [2] and are still viewed as solid institutions, even as their profits have declined recently [3].

To read the rest of this story, visit nytimes.com. [4]