Brazil's government talks to banks about bailout role -sources [Reuters]
Banco Bradesco Sa American Depositary Shares (each representing one Common Share) (BBDO)
US:NYSE Investor Relations:
bradescori.com.br/sitebradescori/default-en.aspx
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Source: Reuters
Brazil's government talks to banks about bailout role -sources SAO PAULO/BRASILIA, April 15 (Reuters) - Brazil’s economy ministry is talking with private banks about providing bailouts to airlines, automakers, power companies and large retailers to help them survive the coronavirus crisis, two sources with knowledge of the matter said on Wednesday. Economy Minister Paulo Guedes met with the chief executives of the largest privately-owned Brazilian lenders, Banco Bradesco SA, Itau Unibanco Holding SA, Banco Santander Brasil SA over the weekend and on Monday to discuss which debt instruments would be needed, the sources said on condition of anonymity. The heads of the Brazilian central bank, state development bank BNDES and state-controlled Banco do Brasil SA’s also attended the meetings, which are expected to continue in the coming days. The participants discussed using either convertible debt or loans partially guaranteed by the Treasury, the sources said. Divisions remain in the ongo
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