When Banco Bradesco posted third-quarter results in November, most people focused on the impressive headline figures. After all, profits had nearly doubled year on year, as had earnings. All product areas, including retail and corporate banking, asset management and insurance, had produced positive results. Tucked away in the middle of the report, though, was one line acknowledging disappointment. More than that it also provided a clue as to where the bank will focus a large part of its attention in coming months.
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