Citi downgrades BBAS3 to sell, BBDC4 neutral, prefers ITUB4 after Brazil election
Published 1 d ago8 sourcesEvidence: Reported
Brazil's government has set an October 30 deadline for banks to express interest in participating in the new phase of the Desenrola debt renegotiation program. Institutions that miss the deadline will be excluded from the auction, which could affect the program's reach and the banking sector's exposure to consumer debt relief.
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