RIO DE JANEIRO, BRAZIL - The Brazilian Central Bank approved a capital increase of R$791.397 (about US$139) million in J.P. Morgan's Brazilian operations. The capital of the bank itself increased from R$2.875 billion to R$3.5 billion. The capital of the foreign exchange and securities brokerage house went from R$533.872 million to R$700 million.
At the end of last month, the American bank announced the purchase of a 40% stake in the Brazilian digital bank C6 Bank.
Among other banks and brokerage houses that have recently had capital increases authorized . . .
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