Brazil's Itaú sees defaults rising further this year
February 02, 2016 at 09:50 AM EST
SAO PAULO, Feb 2 (Reuters) - Loan defaults at Itaú Unibanco Holding SA will continue to rise this year, though perhaps at a slower pace than in 2015, as a recession hampers consumers' and companies' ability to stay current on their debt, Chief Executive Officer Roberto Setubal said on Tuesday.
