Unlike 2008 Crisis, Banks Are Now Part of Solution, Says Itaú CEO

In a live broadcast, the presidents of banking giants Itaú, Bradesco and Santander set out their views on the current coronavirus crisis.

RIO DE JANEIRO, BRAZIL - A consequence of the current novel coronavirus crisis for banks will be a change in the way society looks at these institutions, according to Candido Bracher, the Chief Executive Officer (CEO) of Itaú Unibanco (ITUB4).

In a live broadcast at Credit Suisse conducted by Ilan Goldfajn, chairman of Banco do Brazil's Board of Directors, the Itaú chief executive stressed that "in the prior crisis, the banks were pointed out as one of the causes of the problem. In this crisis, banks are part of the solution", emphasizing that they will have to enable financing of . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?