UPDATE 1-Brazil government talks to banks about bailing out companies -sources [Reuters]
Banco Bradesco Sa American Depositary Shares (each representing one Common Share) (BBDO)
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bradescori.com.br/sitebradescori/default-en.aspx
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Source: Reuters
UPDATE 1-Brazil government talks to banks about bailing out companies -sources (Adds details on BNDES role) 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, three sources with knowledge of the matter said on Wednesday. Economy Minister Paulo Guedes met with chief executives of the largest privately owned Brazilian lenders - Banco Bradesco SA, Itau Unibanco Holding SA and Banco Santander Brasil SA - over the weekend and on Monday to discuss which financial instruments could be used to rescue embattled companies, the sources said on condition of anonymity. The heads of the Brazilian central bank, state development bank BNDES and state-controlled Banco do Brasil SA’s also attended the meetings, which are expected to continue in the coming days. The ministry wants the B
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