10:16 AM EDT, 06/21/2024 (MT Newswires) -- UBS" (UBS) and Banco do Brasil's South American joint venture UBS BB Investment Bank dismissed about 10 bankers in Brazil in integrating teams from Credit Suisse, Bloomberg reported Friday, citing people familiar with the matter.

The employees were mainly junior investment bankers, the report said.

UBS BB Investment Bank didn't immediately respond to a request for comment by MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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