Banco do Brasil CEO quits under pressure from Bolsonaro ...Middle East

State-controlled Brazilian lender Banco do Brasil SA's Chief Executive Andre Brandao submitted his resignation on Thursday after months of pressure for his ouster from President Jair Bolsonaro over cost-cutting plans. Brazil's government named Fausto de Andrade Ribeiro, current CEO of a Banco do Brasil small business unit to replace Brandao, who is expected to leave his post on April 1, adding to a wave of turnover at the country's biggest state firms.

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