a day ago
Brazil's Financials Drop on Fears Over Magnitsky Sanctions Reach
Shares of Brazilian financial companies dipped amid growing fears about the impacts from the US Magnitsky law sanctions on local lenders.
Banco BTG Pactual SA shares fell 3.3% Tuesday morning in Sao Paulo, while Banco Bradesco SA 's preferred shares declined 3.2%. In New York, XP Inc. dropped 7.2% after the brokerage announced second-quarter results, and Nu Holdings Ltd. was down 0.1%.
