PL articulates neutral request to establish CPI on BRB and Master in Legislative Chamber
The PL party is working towards a neutral request for a Congressional Investigation (CPI) in Brasília to unite support from both left and right factions amidst ongoing political turmoil.
S&P Global downgrades BRB's credit rating, citing doubts about the bank's capitalization
S&P Global has downgraded the credit rating of Banco de Brasília (BRB) to 'brB-' due to concerns regarding its capitalization capabilities.
BC resists giving more time for BRB to present solution for losses with Master case
The Central Bank of Brazil is reluctant to grant the Bank of Brasília additional time to address losses stemming from fraudulent transactions with Banco Master.
BRB requests more time from the Central Bank to present solutions for Master case deficit
BRB (Banco de Brasília) has requested an extension from the Central Bank to announce its 2025 results and propose solutions to address the deficit caused by fraudulent transactions involving Banco Master.
Federal Police asks Mendonça for 60 more days to conclude inquiry into Master and BRB
The Federal Police of Brazil has requested a 60-day extension from Minister André Mendonça to complete an inquiry into alleged fraud concerning the attempted purchase of Banco Master by BRB.
Federal Government Rules Out Helping BRB in Capital Raising
The Brazilian federal government has dismissed the possibility of federalizing the Bank of Brasília (BRB) or using public funds to assist in its capitalization efforts.
'Bank remains solid and fulfilling its role,' says president of BRB
The president of BRB, Nelson Antônio de Souza, asserted that the bank continues to be solid and is fulfilling its commitments amid legal challenges regarding the use of government properties.
Understand what BRB is still studying to restore its equity; stock issuance was postponed
The Brasília Bank (BRB) has postponed a shareholder assembly originally scheduled for Wednesday due to ongoing legal issues affecting investor confidence.
BRB cancels general assembly and will need to attract new investors to cover Master’s deficit
The Bank of Brasília (BRB) has canceled its general assembly due to legal uncertainties surrounding a proposed sale of properties to address significant financial losses.
Justice of the DF reverses decision and reinstates law that authorizes the use of properties to capitalize BRB
The courts in the Federal District of Brazil have reinstated a law allowing the use of public properties for capitalizing the Banco de Brasília (BRB) after a previous injunction was lifted.
DF Justice overturns injunction and restores law that transfers public properties to BRB to save the bank
The Judiciary of the Federal District has reinstated a law allowing the government to transfer public properties to the Bank of Brasília (BRB) following a judicial decision.
BRB only indicated 'suspicious movements' of Master to COAF after Vorcaro was arrested; relationship between banks began in 2021
The Brasília Bank (BRB) reported suspicious transactions linked to Banco Master after the arrest of businessman Daniel Vorcaro.
DF court orders suspension of law allowing public land use as collateral for BRB loans
A court in the Federal District of Brazil has suspended a law that permitted the use of public land as collateral for loans from the Bank of Brasília.
GDF appeals to the court to allow the use of public properties to boost the BRB's cash; see arguments
The DF government is appealing a court ruling that blocked the use of public land as collateral for loans from the Bank of Brasília (BRB).
Purchase of Master portfolios was treated as 'the president's business' of BRB, points out audit
An independent forensic audit reveals that the acquisition of Master credit portfolios by the BRB was handled as a personal business of the bank's president, bypassing necessary approvals.
'DF has no managerial power': understand the decision that suspended the use of public lands to reinforce BRB's funds
A Brazilian court has ruled against using public lands as collateral for loans from the Bank of Brasília, asserting that the government lacks managerial authority over the bank.
DF Justice suspends law that authorizes the use of public properties for the capitalization of BRB
The Federal District Justice has suspended a law authorizing the use of public properties for BRB's capitalization due to concerns over public asset damage.
Justice grants injunction that prevents the use of public land as collateral for BRB loans
A Brazilian court has prohibited the use of public land as collateral for loans taken by the Bank of Brasília following a recent government bill allowing such actions.
BRB gathers shareholders this week seeking approval to issue shares and strengthen the bank's capital
The Banco de Brasília (BRB) is set to discuss a significant capital increase and potential share issuance to bolster its financial position following challenges from previous transactions.
BRB charges R$ 978.3 thousand in payroll loans from former president investigated in the Master case
The Bank of Brasília is pursuing R$ 978,352.60 in payroll loans from its former president Paulo Henrique Costa, who is under investigation for irregularities.
Banco do Brasil says to TCU it has no interest in federalizing BRB
Banco do Brasil has informed the Brazilian Court of Accounts (TCU) that it is not interested in federalizing the Bank of Brasília (BRB).
Ibaneis says that the Serrinha do Paranoá area included in the BRB rescue package has no springs
Governor Ibaneis Rocha of the Federal District argues that the Serrinha do Paranoá area included in a financial rescue package for the Bank of Brasília does not contain springs, contrary to expert claims.
Ibaneis only signed a capitalization commitment for BRB after being warned that he could have his assets blocked
The Governor of the Federal District, Ibaneis Rocha, signed a capitalization commitment for BRB only after being warned of potential personal asset blocking due to financial instability in the bank.
Master attempted to transfer R$ 15.8 billion to BRB to compensate for fraud in credit portfolios, says report
The Master Bank tried to transfer R$ 15.8 billion to the BRB to replace R$ 12 billion in allegedly fraudulent credit portfolios sold to the Brasília bank, according to a financial intelligence report.
Court of Accounts of the DF demands explanations from Iprev about risk of resources invested in BRB
The Court of Accounts of the Federal District has given the Iprev 30 days to explain potential risks related to its shareholding in the Bank of Brasília.
TV Tower, Drive-In Cinema: BRB is considering transferring operational management of large public structures in the DF
The Bank of Brasília (BRB) is considering transferring the operational management of several major public facilities, including the TV Tower and a drive-in cinema, through a public consultation to enhance efficiency and service quality.
Vorcaro sent R$ 707 million to a tax haven while negotiating sale to BRB, Coaf points out
Daniel Vorcaro, owner of Master bank, transferred R$ 707 million to a Cayman Islands company while negotiating its sale to the BRB bank, according to Coaf.
OAB questions Ibaneis about green area included in financial aid to BRB and says it may take the matter to court
The Brazilian Bar Association in the Federal District has raised concerns about a green area included in a financial rescue package for the Bank of Brasília, threatening legal action if their questions are not addressed.
Toffoli drawn as rapporteur of the request for Congress to install a CPI on Banco Master and BRB
Brazil's Supreme Court Minister Dias Toffoli has been assigned as the rapporteur for a congressional request to investigate financial fraud allegations involving Banco Master and BRB.
BRB charges in court a debt of R$ 799 thousand from ex-president investigated in the Master case
The Banco de Brasília (BRB) has filed a lawsuit against its former president, Paulo Henrique Costa, to collect a debt of R$ 799,000 amid ongoing investigations for alleged irregularities involving the bank.
Former president of BRB centralized operations under suspicion involving funds, shareholders, and Banco Master, says audit
An audit has revealed that former BRB president Paulo Henrique Costa played a central role in operations now under investigation, linked to Banco Master and certain funds.
Deforestation of green area included by Ibaneis in aid to BRB could release 104,500 tons of carbon dioxide into the air, study points out
A study reveals that potential urbanization of a green area in the Federal District could release over 104,500 tons of CO2 due to native vegetation decomposition.
Ibaneis sanctions rescue plan for BRB after losses with Master
Governor Ibaneis Rocha sanctioned a rescue plan for the Bank of Brasília (BRB) following losses incurred from fraudulent assets of Banco Master.
Ibaneis sanctions law that authorizes the use of nine public properties to save BRB
Governor Ibaneis Rocha has sanctioned a law allowing the use of nine public properties to secure funding for the Bank of Brasília (BRB) amidst financial turmoil.
Court of Auditors of the DF contests the use of health land as collateral to save BRB
The Court of Auditors of the Federal District contests a bill allowing the use of a health ministry property to secure funds for the Bank of Brasília amid its financial troubles.
BRB proposes to increase capital by up to R$ 8.86 billion
The BRB (Bank of Brasília) proposed to its shareholders an increase in capital of up to R$ 8.86 billion through the issuance of new shares.
BRB proposes a capital increase of up to R$ 8.86 billion
The Board of Directors of the Bank of Brasília has proposed an increase in capital of up to R$ 8.86 billion through the issuance of new shares to strengthen its financial situation.
PF advances in inquiry investigating the participation of former president of BRB in the Master case
Federal Police in Brazil have intensified an investigation into former BRB president Paulo Henrique Costa's alleged involvement in a financial scheme related to the Master bank case.
Federal Police advances in inquiry investigating former president of BRB's involvement in Master case
The Brazilian Federal Police are intensifying their investigation into former BRB president Paulo Henrique Costa, linked to a financial triangulation that facilitated the acquisition of government bank shares by ex-banker Daniel Vorcaro.
Ibaneis is expected to sanction the rescue project for BRB this week; understand the next steps
The Governor of the Federal District, Ibaneis Rocha, is expected to sanction a law aimed at supporting the Banco de Brasília (BRB) with significant financial measures.
Protesters demand protection for Serrinha do Paranoá, environmental area included in project to rescue BRB
Protesters gathered in Serrinha do Paranoá, Brazil, to demand protection for the area amidst a legislative proposal aimed at rescuing the Bank of Brasília (BRB).
Heritage, real estate sales, federalization: know what risks BRB faces – and what the rescue plan is
The Banco de Brasília (BRB) faces significant risks following significant investments into the collapsed Banco Master, with suspicions of irregularities surrounding those investments.
BRB enters the list of defaulters of the CVM for failing to deliver periodic documents
Banco de Brasília (BRB) has been listed as a defaulter by the Securities and Exchange Commission (CVM) for not submitting necessary quarterly documents.
Days before BC blocks Master purchase by BRB, Vorcaro said he was 'with the governor' coordinating 'war strategy'
Banker Daniel Vorcaro revealed plans of strategic meetings with the governor of the Federal District just days before the Central Bank rejected a significant acquisition involving his bank.
Vorcaro says he met with Ibaneis the week before BC vetoed Master’s purchase by BRB
Daniel Vorcaro, owner of Banco Master, claims to have met with DF Governor Ibaneis Rocha to strategize on the negotiation for the BRB's acquisition of Banco Master, contradicting Rocha's previous statements on the matter.
District Council Files Complaint with the DF Public Prosecutor Against Project That Cedes Public Land to Support BRB
The Workers' Party in Brazil has filed a complaint against a legislative project that would transfer public properties to the Bank of Brasília, citing legal and financial risks.
District deputies leave the government base after voting against BRB's bill and suffering 'retaliation' from Ibaneis
Brazilian district deputies have left the government coalition after voting against a contentious bill related to the Bank of Brasília, citing retaliation from Governor Ibaneis.
Largest lot included in the project to save BRB is in an environmental area with over 100 springs; entities see risk
Environmentalists in Brazil warn against a legislative proposal that includes a valuable lot in a protected area crucial for water resources, potentially threatening over 100 mapped springs.
BRB will only publish balance sheet after capital injection completed, says president
The BRB (Bank of Brasília) will publish its financial results for 2025 only after completing a capital injection to cover losses from loans purchased from Banco Master, as part of a strategy to maintain confidence in the bank.
Deputy calls on MP to prevent use of land as collateral to 'save' the BRB
Deputy Fábio Félix is seeking judicial intervention to stop the GDF from using public land as collateral for a loan to the Brasília bank.