Former Central Bank Director Linked to Master Suspected of Data Manipulation to Evade Internal Audits
Former Central Bank director Paulo Sérgio Neves de Souza is under suspicion for manipulating information regarding Banco Master to mislead internal investigations.
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.
The BCRA made the largest purchase of the month, but its total reserves continue to fall
The Central Bank of Argentina made its largest reserve purchase this month of $132 million but overall reserves have decreased significantly.
Ethics Committee opens process to analyze complaint against Campos Neto in the Master case
The Public Ethics Commission has initiated a process to examine a complaint regarding former Central Bank president Roberto Campos Neto's alleged negligence in overseeing Banco Master.
Lula says he is 'sad' about the Central Bank's decision to reduce interest rates by 'only' 0.25 percentage points
Brazilian President Luiz Inácio Lula da Silva expressed disappointment with the Central Bank's decision to reduce interest rates by only 0.25 percentage points, advocating for a greater cut.
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.
Central Bank decrees liquidation of Master group's institution under special regime
The Central Bank of Brazil has declared the liquidation of Banco Master Múltiplo, which had been under special administration since November.
BC announces liquidation of Banco Master Múltiplo, previously under special administration
The Central Bank of Brazil has announced the extrajudicial liquidation of Banco Master Múltiplo due to its irrecoverable insolvency.
Despite the strong purchase of reserves, the accumulation was only US$800 million since the beginning of the year
Argentina's Central Bank has acquired US$3.3 billion in reserves this year, but only US$800 million remains available due to public debt commitments.
Master Case at the Supreme Federal Court: Who is Part of the Second Panel, Which Will Discuss the Imprisonment of Vorcaro
The Second Panel of the Supreme Federal Court of Brazil will vote on whether to uphold the arrest of Daniel Vorcaro, central to the Banco Master scandal, in a virtual session starting Friday.
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.
Fearing electoral impact and to protect STF, government tries to shift Master case crisis onto Campos Neto
Brazilian government officials are increasingly worried about the political fallout from the Banco Master scandal and are contemplating strategies to redirect blame towards the Central Bank and its former president, Roberto Campos Neto.
Master Case: Central Bank concludes investigation into irregular actions of officials
The Central Bank of Brazil has concluded an internal investigation into the misconduct of two officials related to the Banco Master case.
Congress does not want to approve a bill to prevent new Master cases
The Brazilian Congress has postponed a crucial vote on a bill aimed at enhancing the Central Bank's ability to manage struggling financial institutions, amidst a backdrop of a financial scandal involving Banco Master.
Key figure in the Master scandal, Daniel Vorcaro, will remain imprisoned in a 6 m² cell in a maximum-security prison in Brasília
Daniel Vorcaro, the central figure in the Banco Master scandal, has been transferred to a maximum-security prison in Brasília following a court order.
Fixed Term: What is the interest rate bank by bank this Friday, March 6
The Central Bank of Argentina has published the latest interest rates for fixed-term savings accounts, helping savers choose the best available options.
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.
Central Bank asked me to hear André Esteves's proposal about Master, says Vorcaro in messages
Daniel Vorcaro revealed in messages that the Central Bank of Brazil requested a meeting with banker André Esteves to discuss a proposal regarding Banco Master.
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.
PT targets Campos Neto to try to link Bolsonaro to the Master case
The Brazilian Workers' Party aims to connect former President Jair Bolsonaro to a banking scandal involving Banco Master and its owner, Daniel Vorcaro, by implicating former Central Bank President Roberto Campos Neto.
Lindbergh requests investigation of Campos Neto for omission in the Master case
Federal deputy Lindbergh Farias has filed a criminal complaint against former Central Bank president Roberto Campos Neto regarding potential involvement in the Master Bank case.
Master Case: BC says it identified signs of 'undue advantages' to servers targeted by PF operation that arrested Vorcaro
The Central Bank of Brazil reported the discovery of 'undue advantages' received by two of its employees involved in a federal police operation tied to the arrest of Daniel Vorcaro, owner of Banco Master.
Vorcaro paid BC servers for private consultancy, says STF decision
A Brazilian Supreme Court decision reveals that Daniel Vorcaro, owner of Banco Master, paid former Central Bank officials for consulting services.
Compliance Zero: Federal Police used information gathered in a BC inquiry
The new phase of the Federal Police's Compliance Zero operation has led to the dismissal of two Banco Central employees, based on information from an internal inquiry conducted by the bank.
Central Bank employees are suspended during new phase of federal police operation on Banco Master
Two Central Bank employees have been suspended by judicial decision during the latest phase of a federal police operation investigating Banco Master.
Former Central Bank Director Targeted by Federal Police Along with Vorcaro
The Federal Police conducted a search operation at the homes of a former Central Bank director and another official linked to fraud at Banco Master.
CPI of Organized Crime hears founder of Reag this Tuesday; testimony of former president of the Central Bank is uncertain
The Parliamentary Commission of Inquiry into Organized Crime is set to hear testimony from João Carlos Falbo Mansur, the founder of Reag, amid ongoing investigations into money laundering involving the group.
Fixed term: what is the interest rate bank by bank this Monday, March 2
This article outlines the interest rates for fixed-term deposits offered by various banks in Argentina as published by the Central Bank of the Republic of Argentina (BCRA) on March 2.
Bill to be voted on Wednesday is a response to the Master case, says Hugo Motta
Brazil's Chamber of Deputies is set to vote on a banking resolution bill aimed at strengthening the Central Bank's ability to manage troubled financial institutions, following the collapse of Banco Master.
BRB tried to overturn recommendation against the acquisition of Master made to the Central Bank
The former president of BRB sought to appeal a recommendation to the Central Bank that aimed to prevent the bank's acquisition of Master due to allegations of fraud and manipulation.
An Economic Mission Arrives in the United States, and There is Discontent in the IMF Over Indec, Reserves, and an Ongoing Lawsuit
Argentina's Economic Ministry has sent a mission to Washington to negotiate with the IMF amid tensions over various economic issues.
Central Bank announces new liquidator for Banco Master
The Central Bank of Brazil has appointed a new liquidator for Banco Master due to health issues of the previous administrator.
Banco Central's Reserves Increased Due to Santa Fe's Dollar Inflows
The Central Bank's reserves rose by $1.348 billion after the Santa Fe government deposited $800 million from a bond issuance.
Public Accounts Ministry requests TCU to lift secrecy of the Master case
The Brazilian Public Accounts Ministry has requested the TCU to lift the total secrecy imposed on the investigation involving the Central Bank and the liquidation of Banco Master.
Central Bank settles another institution belonging to the Master Group; 160 thousand customers invested nearly R$ 5 billion in Banco Pleno
The Central Bank of Brazil has liquidated Banco Pleno, part of the Master Group, due to severe financial instability impacting 160,000 clients who invested almost R$ 5 billion.
Banco Pleno ends a trajectory marked by renaming, sale, and restructuring
The liquidation of Banco Pleno by the Central Bank of Brazil marks the end of its tumultuous journey characterized by frequent changes in control and unsuccessful attempts at stabilization.
What happens to those who have accounts and investments at Banco Pleno; 160 thousand have FGC guarantee
The Central Bank's decision to liquidate Banco Pleno affects around 160,000 customers who had accounts and investments with the institution.
Banco Pleno was owned by a banker connected to Petistas from Bahia
The Central Bank of Brazil liquidated Banco Pleno, associated with banker Augusto Lima, who has ties to the Workers' Party in Bahia, highlighting the ongoing financial crisis linked to the Master financial group.
Central Bank decrees liquidation of Banco Pleno, which was part of Master
The Central Bank of Brazil has announced the judicial liquidation of Banco Pleno S.A., extending the same status to its affiliated company, Pleno Distribuidora, due to compliance and management issues.
BC decrees liquidation of Banco Pleno, which was part of the Master conglomerate
Brazil's Central Bank has decreed the extrajudicial liquidation of Banco Pleno, linked to the Master conglomerate, amid financial fraud investigations.
Jhonatan de Jesus, Minister of TCU, restricts Central Bank's access to the Master case
Minister Jhonatan de Jesus of the Tribunal de Contas da União in Brazil has restricted the Central Bank's access to the Master case documentation.
Reporter at TCU says BC will have access to Master case documents if it requests from the office
The minister of Brazil's Tribunal de Contas da União has stated that the Central Bank can access documents related to the Master case if it formally requests them.
Galípolo from the Central Bank speaks at a BTG Pactual event
Gabriel Galípolo, the president of the Central Bank of Brazil, announced new measures to enhance market supervision and improve the regulations of the Credit Guarantee Fund (FGC) following issues with Banco Master.
Galípolo says he thanks God for going through the Master case under Lula's presidency
Gabriel Galípolo expresses gratitude for navigating the Master case during Lula's presidency, emphasizing the autonomy of the Central Bank and Federal Police.
Gabriel Galípolo comments on the Master case
Brazil's Central Bank President Gabriel Galípolo noted that the Master Bank case has caused confusion regarding the legality of offering above-market yields, asserting that it alone does not justify a bank intervention.
Master-BRB case: learn how to check with the Central Bank for undue debts in your name
Some clients of Will Bank and Banco Master discovered active or overdue debts registered in their names by the Central Bank, even for debts that were previously settled or never existed.
BRB proposes to Central Bank the sale of credit portfolios purchased from Master
BRB (Bank of Brasília) seeks to sell high-quality credit portfolios from Banco Master to recover losses from a failed operation with Daniel Vorcaro's institution.
TCU concludes inspection on Master case at the Central Bank
The inspection by the TCU on the Central Bank's conduct in the liquidation of Banco Master has been concluded, and Minister Jhonatan de Jesus will now review the technical report to make a decision, likely in favor of the Central Bank's actions.
Who supervised Master?
The article discusses the oversight responsibilities of the Comissão de Valores Mobiliários and the Banco Central regarding Daniel Vorcaro's bank, Master.
Amprev says investments in Banco Master represent less than 5% of the portfolio and will go to court for reimbursement
Amprev has announced legal actions to recover investments in Banco Master, which were validated by the Central Bank and account for 4.7% of its total portfolio.