Credit Agricole sells wealth management unit in Brazil to Banco Safra

Banco Safra has acquired Credit Agricole's wealth management unit in Brazil, the Brazilian lender's chief executive Silvio de Carvalho told Reuters late on Saturday. Carvalho said the acquisition underscored Safra's plans to expand its businesses. Credit Agricole's unit, Indosuez Wealth Management, has 5 billion reais ($913 million) under management. This…