Brazil State Banks’ Bond Woes to Worsen After Years of Largess


After ratcheting up lending at the behest of President Dilma Rousseff, Brazil’s state-controlled banks may be in store for more pain.

Banco do Brasil SA, Caixa Economica Federal and development bank BNDES are seeing their borrowing costs in the bond market soar relative to those of their private-sector peers as Brazil’s longest recession in a century sparks a surge in delinquencies.

Read more

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Powered by

Up ↑

%d bloggers like this: