Shock at Novo Banco: Chief Risk Officer Dismissed Amidst Suspicious Transaction Claims

In a surprising move that has sent ripples through the financial sector, Novo Banco has terminated the employment of its Chief Risk Officer (CRO), a decision sparked by a burgeoning investigation into alleged suspicious transactions within the institution. The banking giant's decision has not only raised eyebrows but has also prompted questions about the internal governance and compliance measures that are supposed to safeguard against such activities.

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