Tag: XP Investimentos by Itaú-Unibanco

Pandemic has slashed banks’ profitability, but Brazil’s Central Bank sees improvement in 2021

Richard Mann -
RIO DE JANEIRO, BRAZIL - The Covid-19 pandemic has cut banks' profitability in 2020 to its lowest in at least 10 years by forcing institutions to increase their expenses with provisions against default, the Central Bank (BC) pointed out...
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