trending Market Intelligence /marketintelligence/en/news-insights/trending/LZw3hYpKvbDle8ZZ5AFVcQ2 content esgSubNav
In This List

234 Banco do Nordeste do Brasil employees join voluntary redundancy program

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


234 Banco do Nordeste do Brasil employees join voluntary redundancy program

Banco do Nordeste do Brasil SA said 234 employees joined its voluntary redundancy program.

The employees were terminated Oct. 6, with the program incurring costs totaling 54.2 million Brazilian reais.

The total number of people who joined the program was short as the bank's original goal was up to 2,000 employees.

As of Oct. 6, US$1 was equivalent of 3.17 Brazilian reais.