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Stories with person: Eduardo Paes
  • Brazil banker's arrest sends shares tumbling 
    Updated: Nov-26-15 3:21 pm

    RIO DE JANEIRO - When IT specialist Andre Esteves decided to leave Swiss bank UBS in 2008 to refound bank Pactual, he added BTG to the company's name to symbolize that he was "back to the game." Later, as a darling of the financial markets, he jokingly said that the acronym actually meant "better than Goldman" Sachs.