Small Banks’ Aggressive Growth Strategies Worry Brazil’s Regulators

In Brazil’s bustling financial world, a new trend is turning heads and raising eyebrows. Smaller banks are offering Certificates of Deposit (CDs) with eye-popping interest rates, some as high as 140% of the country’s benchmark rate. This move has caught the attention of big banks, regulators, and even lawmakers. These high-yield CDs have become a […]