Exclusive: Brazil bank Banrisul aims to sell card business, close to hiring JPMorgan - sources
Share:
SAO PAULO (Reuters) - Brazilian state-controlled bank Banrisul is in talks to sell its card business, as its controlling shareholder, the state of Rio Grande do Sul, struggles with a sharp drop in tax revenue, two sources with knowledge of the matter said.The lender is expected to hire JPMorgan Chase & Co over the next days to sell the business, added the sources, who asked for anonymity to disclose private discussions.JPMorgan and Banrisul did not immediately reply to requests for comment.The..