Bolsonaro confirms Ribeiro as Banco do Brasil CEO; chairman resigns ...Middle East

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Bolsonaro confirms Ribeiro as Banco do Brasil CEO; chairman resigns
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Brazilian President Jair Bolsonaro swore in Fausto Ribeiro as chief executive of Banco do Brasil SA on Thursday, according to a securities filing, just hours after the bank's chairman and a second board member announced their resignations after criticizing Ribeiro's appointment. The swearing in of Ribeiro, who was CEO of the small business unit of Banco do Brasil, marked Bolsonaro's latest political intervention in a state-controlled company.

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