Brazilian leading bank prepares ahead of the country's 'steepest recession in two decades'

Wednesday, May 6th 2015 - 07:16 UTC

Full article 4 comments

Itaú Unibanco Holding SA, one of Brazil's strongest and leading banking groups is provisioning more for loan losses and curbing loan book growth in a bet that careful risk management will help the bank navigate the country's steepest recession in over two decades. Read full article

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Briton
'steepest recession ?

so it could be all down hill from here on in..
May 06th, 2015 - 11:47 am - Link - Report abuse 0
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ChrisR
This is what comes from DumbAss Dilma telling the banks to alter their lending policies to include the dead beats.

I stated at the time that messing with Mr Market would come back and bite her gigantic arse.
May 06th, 2015 - 05:10 pm - Link - Report abuse 0
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Briton
And it has done, just that...lol
May 06th, 2015 - 06:21 pm - Link - Report abuse 0
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Skip
So this recession is being blamed on the end of the commodity supercycle and China's softening growth?

And yet Australia is forecast to grow 2.8% this year and 3.2% next year!!!!!!

And we don't have supposed BRIC friends helping us. Guess there must be more to Australia's success and Brazil's failure than the commodity supercycle and China's burgeoning demand.

http://www.theaustralian.com.au/news/latest-news/growth-seen-above-3-per-cent-in-2016-imf/story-fn3dxiwe-1227342094874
May 07th, 2015 - 03:11 am - Link - Report abuse 0
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