Record bankruptcies pressure Brazil banks as recession bites

By Guillermo Parra-Bernal

SAO PAULO, July 26 (Reuters) - Brazil's harshest recession

in eight decades is prompting some of the nation's top banks to

reclassify some 90 billion reais ($27 billion) in problematic

corporate loans, eroding profits as banks struggle with a

doubling in bankruptcy protection filings.

Lenders face a deluge of requests to renegotiate existing

loans and stretch out guarantees as the economic crisis deprives

corporate borrowers of cash. Some companies, like rig lea

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