Cutting the Costs of Lending

Cutting the Costs of Lending


Banco Itaú continues to grow market share through acquisitions. The arrival of a Workers Party government led by Luis Inácio Lula da Silva, baying for the blood of millionaire "speculators" who had enriched themselves at the people's expense, was a Brazilian banker's worst nightmare. Lula's government has turned out to be very different, following promarket policies that it hopes will eventually bring down interest rates. However, the Finance Ministry under the command of a pragmatic, technocratic team, says there is a lot that can be done to

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