S&P weighs in on the Brazilian banking sector, saying on "industry risk" alone, the banks...

|By:, SA News Editor

S&P weighs in on the Brazilian banking sector, saying on "industry risk" alone, the banks are no riskier than German or U.K. lenders and perhaps safer than those in the U.S. Bank safety, however, is brought down when country-related factors are thrown in. Financial ETF: BRAF -21% YTD. Largest bank: ITUB -26% YTD.