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Report: Credit Suisse dismisses 9 execs from Brazilian fixed-income biz

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Report: Credit Suisse dismisses 9 execs from Brazilian fixed-income biz

Credit SuisseGroup AG is dismissing nine executives from its Brazilianfixed-income and structured-products operations, Bloomberg News reported April5, citing "two people with knowledge of the matter."

Eight executives have already left, while Sergio Machado, amanaging director and head of the business, will depart soon, the sources said.

In February, the Swiss bank a fourth-quarter 2015 net lossattributable to shareholders of CHF5.83 billion and announced plans toterminate about 4,000 positions.

Sources told Reuters in January that Marcelo Kayath, thecompany's managing director in Brazil, would leave the bank in March.