SITUATION REPORT

Brazil: Banco do Brasil Board Members Resign After Bolsonaro Swears in New CEO

Apr 5, 2021 | 19:44 GMT

Four Banco do Brasil board members resigned in protest after Brazilian President Jair Bolsonaro swore in Fausto Ribeiro as the state-owned bank’s new CEO, stating that Ribeiro, who formerly headed a small business unit at the company, lacked the necessary experience, Reuters reported March 29....

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