Brazil expelled Mellon Bank and warned others.

The Brazilian government said it had shut down the Rio de Janeiro office of Pittsburgh’s Mellon Bank and warned that it would expel other foreign banks that don’t cooperate in the renegotiation of Brazil’s $103-billion foreign debt. Mellon Bank, which had only a small representational office in Rio and did not operate commercially in Brazil, last year refused to renew $166 million of its total of $407 million in loans in Brazil. “We felt that a bank that wanted only to enjoy the filet mignon here but didn’t want to cooperate to reschedule the debt could not continue in the country,” Central Bank spokesman Reynaldo Ferreira said.