Brazil Banks Admit Credit Overreach, Owe Mea Culpa
Brazil's banking federation admitted banks exaggerated credit offers and owe a mea culpa. Central bank chief Gabriel Galípolo argued that more credit, not interest rates alone, explains rising household indebtedness. The post Brazil Banks Admit Credit Overreach, Owe Mea Culpa appeared first on The Rio Times .
We haven't written up this one. The Rio Times has the full story — the link below goes straight to it.