Search
6 results for “consumer credit”
Brazil’s 13.75% Selic Rate Holds Down Consumer Credit, Caps Savings Returns
The high Selic interest rate keeps borrowing costs high for Brazilian consumers while structurally capping returns for the nation's most popular savings account.
Casas Bahia CEO Warns Brazil’s Credit Crunch Will Worsen in 2027
Brazilian retail giant Casas Bahia filed for judicial recovery and its CEO warned macroeconomic conditions will be tougher in 2027.
Brazil’s Paradox: Record Job Growth Masks Looming Consumer Credit Crisis
Despite a historic low unemployment rate, record household debt and 64% interest rates are suffocating Brazilian families.
Casas Bahia Posts R$10.1 Billion Loss, Signals Potential for New Judicial Reorganization
Major Brazilian retailer Casas Bahia reports massive Q2 loss and signals potential court-supervised restructuring, deepening distress in the credit market.
Casas Bahia Delays Earnings Amid Mass Store Closures and Deep Financial Restructuring
Brazilian retailer Casas Bahia postponed its Q2 earnings report as it closes 298 stores and cuts 1,900 jobs to survive an acute financial crisis.
FGTS Council Approves R$13.2 Billion Profit Distribution, Fueling Controlled Boost to Consumer Credit
Brazil’s FGTS Council approved the R$13.2 billion profit distribution to 138 million workers, increasing collateral for secured loans and boosting domestic consumption.