Reuters: Bankruptcy News: Brazil central bank liquidates Cruzeiro do Sul, Banco Prosper

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Brazil central bank liquidates Cruzeiro do Sul, Banco Prosper Sep 14th 2012, 13:21 SAO PAULO, Sept 14 | Fri Sep 14, 2012 9:21am EDT SAO PAULO, Sept 14 (Reuters) - Brazil's central bank ordered on Friday the liquidation of bankrupt local lender Banco Cruzeiro do Sul and its subsidiary Banco Prosper, in what might be the country's biggest bank collapse in seven years. The central bank announced the decision in an e-mailed statement.

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