In 2023, Brazil’s top banks, including Itaú Unibanco, Caixa Econômica Federal, and Banco do Brasil, saw their profits rise by 1.9% to $21.21 (R$107.5) billion. This growth helped balance out the lower earnings from Bradesco and Santander Brasil, which faced challenges due to high default rates on older loans. Itaú led the profit surge, finding […]
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