STXNEWS LATAM-Banco do Brasil upgrades ADRs to Level II

Wed Aug 13, 2014 5:51pm EDT

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Aug 13 (Reuters) - Banco do Brasil's board of directors on Wednesday approved the upgrade of its American depositary receipts to Level II, which requires Brazil's largest lender to provide more corporate information to U.S. regulators.

Under Level II the bank will be required to file the equivalent of an annual corporate report to the U.S. Securities and Exchange Commission. (Editing by Lisa Shumaker)