Monday, July 16, 2012

Reuters: Bankruptcy News: STXNEWS LATAM-Cruzeiro do Sul says too early to assess losses-filing

Reuters: Bankruptcy News
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STXNEWS LATAM-Cruzeiro do Sul says too early to assess losses-filing
Jul 16th 2012, 11:59

Mon Jul 16, 2012 7:59am EDT

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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