Slim's Mexican bank Inbursa buys Brazil unit of Standard Bank

MEXICO CITY, March 14 Fri Mar 14, 2014 5:10pm EDT

MEXICO CITY, March 14 (Reuters) - Mexican bank Grupo Financiero Inbursa on Friday said it agreed to buy the Brazilian unit of Standard Bank for $45 million.

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California state worker Albert Jagow (L) goes over his retirement options with Calpers Retirement Program Specialist JeanAnn Kirkpatrick at the Calpers regional office in Sacramento, California October 21, 2009. Calpers, the largest U.S. public pension fund, manages retirement benefits for more than 1.6 million people, with assets comparable in value to the entire GDP of Israel. The Calpers investment portfolio had a historic drop in value, going from a peak of $250 billion in the fall of 2007 to $167 billion in March 2009, a loss of about a third during that period. It is now around $200 billion. REUTERS/Max Whittaker   (UNITED STATES) - RTXPWOZ

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