Banco do Brasil, Caixa, studying emergency working capital lines
Banco do Brasil and Caixa Econômica Federal will expand working capital lines to provide companies with enough liquidity amid widespread instability triggered by the covid-19 outbreak. While claiming the turbulence will be temporary, the CEOs of both state-owned banks told Valor they could reinforce credit if required. BB CEO Rubem Novaes said the bank already has tools capable of facing the moment. At the same...
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