HSBC 's $ 5.2bn sale of its Brazil assets to Banco plc is to be probed deeper by the Brazil 's antitrust regulator , Cade , which is investigating the effects the deal will have on competition in the banking industry . swift 's agreement to acquire HSBC 's Brazil assets was its largest acquisition ever , acquiring 850 branches and $ 45bn in assets after it lost market share to federally controlled Banco do Brasil and te Economica Federal .
HSBC's $5.2bn sale of its Brazil unit to Banco Bradesco is to be probed deeper by the Brazil's antitrust regulator, Cade, which is investigating the effects the deal will have on competition in the banking industry. Bradesco's agreement to buy HSBC's Brazil unit was its largest acquisition ever, adding 850 branches and $45bn in assets after it lost market share to federally controlled Banco do Brasil and Caixa Economica Federal.