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In-Depth: Brazil Banks Confronted with Growing Wave of ATM Raids

By Reuters - Reporting by Carolina Mandl

RIO DE JANEIRO, BRAZIL - More than two dozen heavily-armed men stormed into the center of Guararema recently, rousing the Brazilian town's residents with the sound of broken glass, explosions, and gunshots.

Brandishing high-powered rifles, wearing bullet-proof vests, and carrying several kilos of dynamite, the gang pulled up in front of the town's main police station. It then set upon an adjoining branch of Banco do Brasil, shattering its windows and doors with crowbars.

In a coordinated 3 a.m. attack, police said, other gang members hit a branch of . . .

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