Return Capital, a company owned by Santander Brasil (SA:SANB11), is said to have bought over BRL 4 billion in overdue and unpaid loan portfolios from Bradesco (SA:BBDC4), the newspaper Estado de Sao Paulo said, citing sources.
According to the publication, the operation with the so-called bad loans was advised by consulting firm Deloitte.
Original Story: Investing.com
Photo: Bradesco Linked In
Translation: Prime Yield