Credit Suisse warns of the ‘headache’ Brazil could give Santander in 2022

The firm adopts a cautious stance on the bank's exposure to the South American country, as the elections and the rate hike in the US are negative elements that could slow its growth.

RIO DE JANEIRO, BRAZIL - Credit Suisse analysts believe that Brazil is a source of uncertainty for Banco Santander. The bank has high exposure to the South American country. Like the United States, it represents about 28% (€1,76 million) of all earnings attributable to the parent company, so it is not . . .

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