Several U.S. banks stand to post substantial gains from the debt-restructuring agreement with Brazil now nearing completion.

Brazil's medium- and long-term debt to U.S. banks, totalling some $7.6 billion, has been in arrears for three years. Under the current debt accord, U.S. banks could get bonds worth 65% of that amount. That's good news for many U.S. banks that had already taken writedowns of 50% or more on Brazilian loans.

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