By
Reuters
Reuters
Published
Oct 1, 2012
Oct 1, 2012
Brazil's Lojas Renner to cut consumer interest rates
By
Reuters
Reuters
Published
Oct 1, 2012
Oct 1, 2012
SAO PAULO, Sept 28 (Reuters) - Brazil apparel retailer Lojas Renner will cut the interest rates it charges customers beginning in November, a spokeswoman said on Friday, as the company adjusts to a new reality in consumer financing.
Itaú Unibanco Holding, Brazil's largest private sector bank, took control of Cielo's rival Redecard on Monday, in a move that may alter the relationship between banks and card users, pressuring many retailers.
© Thomson Reuters 2024 All rights reserved.