Brazil’s Banks Are Healing Bad-Loan Scars With Higher Fee IncomeBy
Bank inflation rose 11.5% in July, highest rate in 5 years
Fees rise 2.8 percentage points faster than inflation rate
Brazilian banks are charging more for everything from checkbooks to credit cards to help cover losses on bad loans, pushing the gap between bank-service fees and the nation’s inflation rate to the highest in more than four years.
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