Banks, interest groups, observers scrap over US$94.6bn figure attributed to lawsuits against banks
While Brazilian banks and supreme court STF have released statements with a figure as high as 180bn reais (US$94.6bn) for the possible cost of ongoing lawsuits against the banks for alleged losses to savings accountholders in 1987-91, the number is coming under increasing fire from several sides. The lawsuits are a product of economic policies – the so-called Bresser, Verão, Collor I and Collor II plans – taken up by the country’s governments during the period to tame inflation, improve capital … Read the article.
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