RIO DE JANEIRO, BRAZIL - The second quarter, the peak of the coronavirus pandemic in Brazil - and also the worst economic moment in the country's history - was highlighted by Itaú Unibanco Executive Vice President Milton Maluhy.
Thus, it was expected that, as in the first quarter, banks would also suffer a sharp drop in their profits in the period, amid increased provisions to address the economic impact of the pandemic.
According to the . . .