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KM Financial Solutions | UPDATE 2-Shares in Brazilian banks down after cap on overdraft interest rates
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UPDATE 2-Shares in Brazilian banks down after cap on overdraft interest rates

27 Nov UPDATE 2-Shares in Brazilian banks down after cap on overdraft interest rates

Posted at 16:09h in News by
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Shares in Brazil’s biggest
lenders were down nearly 1% in early Thursday trading after the
country’s monetary policy committee imposed a cap on interest
rates on overdraft credit, in a move likely to reduce their
profits.

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