UPDATE 1-Brazil’s Itau Unibanco profit dives as loan defaults loom
Brazil’s largest lender, Itau
Unibanco Holding SA, posted weaker-than-expected
quarterly earnings on Monday after setting aside 10.1 billion
reais ($1.82 billion) in reserves in anticipation of a potential
wave of coronavirus-led loan defaults.
Unibanco Holding SA, posted weaker-than-expected
quarterly earnings on Monday after setting aside 10.1 billion
reais ($1.82 billion) in reserves in anticipation of a potential
wave of coronavirus-led loan defaults.
Posted by Reuters
