UPDATE 2-Brazil government, banks in talks about bailing out companies [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
UPDATE 2-Brazil government, banks in talks about bailing out companies (Adds comments of Bradesco and Santander Brasil’s CEOs, details of talks with each industry) By Marcela Ayres and Carolina Mandl BRASILIA/SAO PAULO, April 15 (Reuters) - Brazil’s Economy Ministry is talking with banks about providing bailouts to sectors such as airlines, automakers, power companies and large retailers to help them survive the coronavirus crisis, chief executives of Banco Bradesco SA and Banco Santander Brasil SA confirmed on Wednesday in live presentations. Reuters reported earlier on Wednesday that Brazil’s biggest lenders - such as Banco Bradesco, Itau Unibanco Holding SA , Banco Santander Brasil and Banco do Brasil SA - have discussed with the country’s central bank and development bank BNDES how and which financial instruments could be used to rescue embattled companies. “Talks among banks, BNDES and the Treasury have been very productive,” Santander Brasil CEO Sergio Rial said in a live presen
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