Banco Bradesco SA, Brazil's second-largest private-sector bank, created on Wednesday a new seniot vice president slot for the fast-growing card business, a segment that is responsible for the biggest portion of growth in fee income. In a statement, the Osasco, Brazil-based bank said that Marcelo Noronha, previously general manager for credit cards and marketing, was made a senior vice president in charge of the same areas. Bradesco owns 29 percent of Cielo SA, the country's largest card payment processor, and runs the American Express credit card busines in Brazil.
Banco Bradesco S/A (the Bank) is a Brazil-based bank. Shares of BBD fell by 1.6% or $-0.21/share to $12.93. In the past year, the shares have traded as low as $10.54 and as high as $18.67. On average, 8799600 shares of BBD exchange hands on a given day and today's volume is recorded at 680106.
Shares of BBDO remained unchanged at $11.98. In the past year, the shares have traded as low as $11.07 and as high as $18.25. On average, 1490 shares of BBDO exchange hands on a given day and today's volume is recorded at 0.
Source
