President Jair Bolsonaro avoided answering a supporter’s question this morning about the permanence of Banco do Brasil’s president, André Brandão, in office. In a meeting with supporters outside the Palácio da Alvorada, Bolsonaro said he was in a hurry, that he could not “record” and apologized for being brief.
According to the Estadão / BroadcastBolsonaro decided to fire Brandão for the wear and tear caused by the announcement of the closure of 112 branches, with the termination of 5,000 bank employees. Economy Minister Paulo Guedes, however, is still trying to shake him off the idea.
Although the bank’s restructuring pleased investors and the economic team, the statement was considered inappropriate when the Executive negotiated support with parliamentarians in exchange for allies in the House and Senate commands.
In addition, the president complained that he had no knowledge before the plan, although Brandão was hired precisely with the objective of wiping out the bank and focusing on the digital area. / ADRIANA FERNANDES AND TÂNIA MONTEIRO COLLABORATED