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Is Bank of America Looking to Buy or Merge With Banco do Brasil?

By Harold Emert

RIO DE JANEIRO, BRAZIL - One of the largest banks in Latin America, established 211 years ago by Brazil's future Emperor Dom Pedro I, Banco do Brasil (BB), could be up for sale or merger with the Bank of America Merrill Lynch.

According to reports by the reputable Brazilian economic newspaper "Valôr Economico," the possible bombshell was officially launched in a speech Thursday May 16th in Dallas by President Bolsonaro's super-Minister of the Economy Paulo Guedes.

Speaking at an award ceremony for the President, Guedes stated: "Let us make an association because both banks . . .

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