Brazil's Lojas Renner to cut consumer interest rates
today Oct 1, 2012
SAO PAULO, Sept 28 (Reuters) - Brazil apparel retailer Lojas Renner will cut the interest rates it charges customers beginning in November, a spokeswoman said on Friday, as the company adjusts to a new reality in consumer financing.
Itaú Unibanco Holding, Brazil's largest private sector bank, took control of Cielo's rival Redecard on Monday, in a move that may alter the relationship between banks and card users, pressuring many retailers.
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