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KM Financial Solutions | UPDATE 1-Brazil’s Itau Unibanco profit dives as loan defaults loom
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UPDATE 1-Brazil’s Itau Unibanco profit dives as loan defaults loom

03 May UPDATE 1-Brazil’s Itau Unibanco profit dives as loan defaults loom

Posted at 23:07h in News by
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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.

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