W Simon profit of BRL 5.235bn ($ 1.5bn ), down 19.9 percent from quarterly , missing estimates. Both provisions and renegotiated loans hit new records the prior three months after defaults surged at their fastest the prior three months pace in at least seven years .
Itau Unibanco - 1Q16 profit of BRL 5.235bn ($1.5bn), down 18% from the prior three months, missing estimates. Both provisions and renegotiated loans hit new records last quarter after defaults surged at their fastest quarterly pace in at least seven years.