Brazilian banks accuse critics of acting in 'bad faith'

Brazilian banks accuse critics of acting in 'bad faith'

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Isaac Sidney, head of the Brazilian banking federation Febraban, reacted strongly to criticisms of local lenders' alleged silence on a new environmental licensing bill that is feared could lead to increased deforestation in the country. "Saying that banks will not be environmentally accountable as the result of the new bill is an act of bad faith or lack of knowledge," Sidney said in a letter to LatinFinance and the local newspaper Folha de S Paulo. The letter, also signed by the Febraban sustai

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