KM Financial Solutions | UPDATE 2-BTG Pactual shares down on higher costs with retail unit
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UPDATE 2-BTG Pactual shares down on higher costs with retail unit

UPDATE 2-BTG Pactual shares down on higher costs with retail unit

Shares in Latin America’s
largest investment bank, Banco BTG Pactual SA, were
down more than 4% after it reported a jump in costs related to
its newly launched retail unit, although fourth-quarter profit
rose more than 40% from a year earlier.

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