Monday, November 21, 2016

UPDATE 3-Banco do Brasil downsizes to bolster returns, pivots to digital

SAO PAULO, Nov 21 (Reuters) - Banco do Brasil SA

plans to save up to 3.1 billion reais ($900 million) in coming

years by shedding up to 18,000 jobs and shutting hundreds of

branches, the latest step by Chief Executive Officer Paulo

Caffarelli to bolster profitability.

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