Brazil's Itau: Taxes, cost cuts key to lower rates
Posted on June 20, 2012 at 15:17 PM EDT
SAO PAULO, June 20 (Reuters) - Borrowing costs in Brazil would likely decline more quickly if lenders cut expenses and the government trimmed taxes instead of pressing banks to charge less for credit, the chief executive of Itau Unibanco, the country's largest private sector bank, said on Wednesday.