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The fourth largest bank in Brazil is Caixa EconÃ´mica Federal with assets of approximately US$401 billion in 2014. Caixa EconÃ´mica Federal, which posted profits of US$ 9.8 billion in 2013, is owned by the Brazilian government and is notably responsible for managing the countryâs state and national lotteries.
Energy giant Petrobras is engulfed in a corruption scandal that could prove to be Brazil's biggest, threatening to engulf the country's most senior politiciansâincluding its president.Even the company is not downplaying the events.etrobras is highly indebted, but it is unclear when it will be able to return to the bond markets given the sheer size of the scandal. Petrobras does have cash, as well as some implicit government support butâ¦ This looks ugly, said BBH analysts led by Marc Chandler in a research note on Wednesday.