August 15, 2018 / 12:14 PM / 3 months ago

Brazil's Itau bank to appeal suspension of favorable tax ruling

RIO DE JANEIRO, Aug 15 (Reuters) - Brazil’s largest private lender Itau Unibanco Holding SA plans to appeal a decision suspending a favorable corporate tax ruling, the bank said in a securities filing on Wednesday.

The statement came after a Federal Regional Court ruled against the bank earlier this month, Itau said, suspending a favorable ruling made by a tax court in April, 2017. (Reporting by Alexandra Alper)

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