Itau Tapped Fed for $7.1 Billion From 2008 to 2010, Valor Says

Dec. 3 (Bloomberg) -- Itau Unibanco Holding SA raised $7.1 billion in credit lines from the U.S. Federal Reserve from 2008 to 2010 to stimulate lending in Brazil during the financial crisis, Sao Paulo-based newspaper Valor Economico reported, citing a U.S. congress report released yesterday.

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To contact the reporter on this story: Laura Price at lprice3@bloomberg.net

To contact the editor responsible for this story: Francisco Marcelino at mdeoliveira@bloomberg.net