Itau’s Setubal Says Brazil Needs to Boost Returns, Folha Reports

Roberto Setubal, chief executive officer of Itau Unibanco (ITUB4), said Brazil’s government needs to boost investment returns for businesses if the country seeks to grow 4 percent next year, Folha de Sao Paulo reported.

Brazil needs to upgrade its infrastructure in order to improve productivity, the publication reported Setubal as saying.

To contact the reporter on this story: Matthew Malinowski in Brasilia at

To contact the editor responsible for this story: Joe Sabo at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.