trending Market Intelligence /marketintelligence/en/news-insights/trending/9fWVm-YV4qLbplSOCdS1Dg2 content esgSubNav
In This List

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

Blog

How Financial Institutions are Managing Exposure to U.S. Municipals

Blog

Insight Weekly: Global stock performance; hydrogen pilot projects; Powell's Fed future unsure

Blog

Top 100 Banks: Capital Ratios Show Resilience to the Pandemic

Blog

Banking Essentials Newsletter: October Edition


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.