Brazil’s securities watchdog agrees to ‘plea bargain’ on Americanas’ probe
(Reuters) – Brazil’s securities watchdog CVM said on Friday it has approved a mechanism similar to a plea bargain for cases related to bankrupt Brazilian …
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Brazil Congress proposes market regulations after Americanas scandal
BRASILIA (Reuters) – Federal lawmakers in Brazil suggested several measures to boost accountability in the financial market, a report showed on Monday, after retailer Americanas …
Ex-CEO of Brazil’s Americanas says he did not expect to lead bankrupt firm
(Reuters) – The former head of Brazilian retailer Americanas quit two weeks into the job because he had not expected to take over a bankrupt …
Brazil’s Americanas rushes to produce new financials, strike deal with debt holders
By Carolina Pulice MEXICO CITY (Reuters) – Brazilian retailer Americanas SA is scrambling to finalize its fourth-quarter income statement even as it redoubles efforts to …
Brazil watchdog offers plea deals to Americanas employees in fraud probe
SAO PAULO (Reuters) – The president of Brazil’s securities watchdog CVM on Tuesday urged employees from Americanas with information about the retailer’s alleged multi-billion-dollar fraud …
Brazil’s Americanas to seek bidders for fruit and vegetable unit
SAO PAULO (Reuters) – Brazil retailer Americanas SA said on Thursday it will next week start to seek potential bidders for the acquisition of its …
Brazil’s Americanas looking for buyer for stake in Grupo Uni.co
SAO PAULO (Reuters) – Brazilian retailer Americanas SA, which filed for bankruptcy earlier this year after an accounting scandal, said on Monday it has started …
Powerful Brazilian lawmaker orders Americanas accounting probe
SAO PAULO (Reuters) – The head of Brazil’s lower house authorized on Wednesday the creation of a committee to investigate Americanas, the retailer at the …
Brazilian securities watchdog launches new probes into Americanas accounting fiasco
SAO PAULO (Reuters) – Brazilian securities watchdog CVM said on Friday it has launched two new probes into retailer Americanas SA’s accounting scandal and the …
Report on Americanas’ woes to be presented to Brazil court next week
By Rodrigo, Viga and Gaier RIO DE JANEIRO (Reuters) – A report detailing Brazilian retailer Americanas SA’s bankruptcy is being prepared by the trustee’s team …
Americanas’ ex-chief testifies before watchdog after accounting scandal -source
RIO DE JANEIRO (Reuters) – The former chief executive of scandal-hit Brazilian retailer Americanas SA testified on Thursday at the country’s securities watchdog, a source …
Americanas scandal won’t affect Brazil banks much even in “extreme scenario” – cenbank
BRASILIA (Reuters) – Brazil’s central bank stated on Thursday that the potential impact of the accounting scandal involving retailer Americanas SA on banks would be …
Americanas proposes $1.9 billion for creditors from top shareholders
SAO PAULO (Reuters) – Bankrupt Brazilian retailer Americanas SA said on Tuesday it has offered a capital injection to its creditors of 10 billion reais …
Americanas’ top shareholders boost injection offer to $1.9 billion -Bloomberg News
(Reuters) – The top shareholders of retailer Americanas SA are informally offering a capital injection of 10 billion reais ($1.9 billion), Bloomberg reported on Thursday, …
Brazil’s Americanas execs omitted info to audit committee, local media reports
SAO PAULO (Reuters) – The management of troubled Brazilian retailer Americanas SA denied the existence of the financial operations that led to an accounting scandal …
Brazil court approves Americanas payment of wages, some debts
RIO DE JANEIRO (Reuters) – A Brazilian court on Tuesday granted a request by bankrupt retailer Americanas that it be allowed to immediately pay workers’ …
Americanas accounting scandal was a ‘fraud,’ says CEO of Brazil’s Itau
SAO PAULO (Reuters) – The chief executive of Brazil’s biggest private lender Itau Unibanco said on Wednesday that the accounting inconsistencies that led retailer Americanas …
Brazil’s Americanas board to remove top executives after accounting scandal
SAO PAULO (Reuters) – Brazilian retailer Americanas SA said on Friday its board had decided to remove three directors and three executives amid investigations over …
Large Brazilian banks may set aside around $890 million for Americanas losses in Q4
By Aluisio Alves SAO PAULO (Reuters) – Brazilian banks may start setting aside provisions for losses with retailer Americanas already in the fourth quarter of …
Brazil’s Americanas requests financing of at least $197 million -filing
(Reuters) – Brazilian retailer Americanas SA has requested debtor-in-possession financing of at least 1 billion reais ($197.12 million) as part of its bankruptcy process, according …
Brazilian court orders seizure of emails of bankrupt retailer Americanas
By Tatiana Bautzer SAO PAULO (Reuters) – A Brazilian court has ordered the seizure of all corporate emails of managers and board members from bankrupt …
Investor group requests arbitration against Brazil’s Americanas and 3G Capital
By Carolina Pulice (Reuters) – A group of investors requested a collective arbitration against troubled Brazilian retailer Americanas SA and 3G Capital at the Brazilian …
Brazil’s BTG gets court decision reversing part of Americanas’ protection from creditors
SAO PAULO (Reuters) – Brazilian bank BTG Pactual obtained a court decision on Wednesday overturning part of Americanas SA’s protection from creditors, according to court …