July 16, 2012 / 11:59 AM / 5 years ago

STXNEWS LATAM-Cruzeiro do Sul says too early to assess losses-filing

Mid-sized Brazilian lender Cruzeiro do Sul said in a filing on Monday it was still reviewing its books and that it was too early to have a precise estimate of losses. Sources recently said the bank’s losses were roughly 2.5 billion reais, twice what the central bank estimated when it seized the bank in June.

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