Thursday, 17 May 2007

Brazil Banks Double Security Spending to Fend Off Violent, Costly Heists

(Bloomberg) -- Sao Paulo schoolgirl Priscila Aprigio da Silva's dreams of becoming a nurse ended on Feb. 28 when she was caught in a shootout between police and bank robbers.

Now paraplegic from a bullet wound, 13-year-old da Silva is among the casualties of violent heists that have forced Banco Itau Holding Financeira SA, Banco Bradesco SA and other Brazilian banks to double spending on security over the past three years to 6 billion reais ($3.1 billion).


Read more at Bloomberg Currencies News

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