More turmoil at Banco do Brasil

With André Brandão's departure from the command of Banco do Brasil, the government decided not to pick four members of the bank's board of directors for re-election, including Chairman Helio Magalhães. Some of these members had previously expressed discontent with the change and may leave in coming days, even before substitutes are named. Independent board members are also considering publishing a new manifesto criticizing Mr. Brandão's...

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