A Brazilian met with bankers on the debt issue.
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Top executives of BankAmerica and Wells Fargo & Co. met in San Francisco with Brazil’s U.S. ambassador a month after Brazil suspended interest payments on its $109-billion foreign debt. BankAmerica Chairman A. W. Clausen talked for 45 minutes with Ambassador Marcilio Marques Moreira. Wells Fargo President Paul Hazen also met with Moreira, spokesmen for the two banks said. Brazilian officials have been meeting with the country’s creditor banks to explain the reasons for the repayment moratorium and terms under which Brazil would resume payments.
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