UBB Is the One Brazilian Bank to Buy By Vasu Vijayraghavan About this article: In the midst of a widening stock market scandal in Brazil, involving the president of Brazil's central bank and the head of its stock exchange, foreign investors interested in partaking of the sweet returns in Brazilian financial services should focus on banks that keep their reserves up, their costs down and their delinquencies under tight rein. Such is the case for Brazil's third-largest bank, Unibanco , with a market cap of $30 billion. The stock market scandal, involving allegations that a prominent speculator in Brazilian stocks, Naji Nahas, took advantage of rules that allowed for lagged payments, has had widespread repercussions. The failure to pay by Mr. Nahas led to the head of the stock exchange, Sergio Barcellos, falling on his sword on allegations of loose regulations for the shenanigans of big players like Mr. Nahas. In the prevailing uncertainty, a bank such as Unibanco, which reports strong... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200.

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