ANALYSIS-Auto loans adding to Brazil banks' woes

Newswire

* Souring auto loans weighing on Brazilian banks * Commercial banks are toughening lending standards * Auto loans far from posing systemic risk to Brazil * Recent spike in defaults to hamper profits, shares By Guillermo Parra-Bernal SAO PAULO, June 28 (Reuters) - After years of torrid growth, Brazilian banks are shifting down gears in the auto loan market, seeking to stave off record defaults and remove a stain from their balance sheets. But the push to rein in auto financing -- which ...

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