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Stock impact report

Brazil government, banks in talks about bailing out companies [Reuters]

Banco Santander Brasil SA American Depositary Shares, each representing one unit (BSBR) 
Last banco santander brasil sa american depositary shares, each representing one unit earnings: 11/1 04:01 pm Check Earnings Report
Company Research Source: Reuters
Brazil government, banks in talks about bailing out companies BRASILIA/SAO PAULO (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, bank executives confirmed on Wednesday in live presentations. Reuters reported earlier on Wednesday that Brazil’s biggest lenders - such as Banco Bradesco, Itau Unibanco Holding SA ( ITUB4.SA ), Banco Santander Brasil and Banco do Brasil SA ( BBAS3.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. The auto sector is demanding in talks with government and banks a 100 billion reais ($19.10 billion) bailout, three people with knowledge of the matter said. Still, sources doubted that the package would reach that amount. “Talks among banks, BNDES and the Treasury have been very productive,” Ba Show less Read more
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