Credit Suisse to acquire a 35% stake in modalmais.

Credit Suisse, a global wealth manager, investment bank and financial services company, agreed to acquire a 35% stake in modalmais, a digital bank. Financial terms were not disclosed. “This announcement underlines our strong commitment to our Brazilian clients and our growth ambitions for this priority market. This transaction further enhances our ability to serve our clients digitally while getting access to additional client segments in a fast growing environment," Philipp Wehle, Credit Suisse CEO of International Wealth Management.