Santander has released details of its Brazilian unit's IPO which, if successful, will be Brazil's biggest ever, raising up to $7.3bn. Brazil Santander will be one of the world's top 30 banks.
In the US, FOMC is upbeat, holding interest rates low and extending its plan to buy back $1.25 trillion of MBS into Q1 2010. They announced the federal funds rate will be kept low (between 0 and 0.25%) for an extended period of time. FOMC meets eight times a year.
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