By Sergio Goncalves
NOVO Banco’s business won’t be affected by the alleged misconduct that led it to dismiss its chief risk officer and the Portuguese bank remains focused on pursuing its strategy and delivering sustainable earnings, its CEO said.
The bank fired chief risk officer Carlos Brandao on Tuesday, after reporting concerns over suspicious financial transactions in “his personal sphere” to the central bank and filing a complaint to the Public Prosecutor’s Office, which launched an investigation.
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