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.
Trial for YPF: At the request of the court, Argentina submitted a sworn statement about the BCRA's gold
Argentina has presented a sworn statement regarding the Central Bank's gold reserves as part of the YPF case, asserting that these reserves are sovereign and immune from execution in the United States.
BRB presents plan to BC to recover losses with Master, with more than one option
BRB (Bank of Brasília) is set to present a capitalization plan to the Central Bank to recover losses from operations with Banco Master, which may include multiple options for approval in the coming days.
There was no formal investigation into Master bank portfolios when Lula met Vorcaro
President Luiz Inácio Lula da Silva claimed that he informed Daniel Vorcaro, owner of Banco Master, about a technical investigation by the Central Bank, despite discrepancies in the timeline related to ongoing investigations into fraud.
Lula says he received Vorcaro at Mantega's request and informed the banker that the investigation would be technical
Brazilian President Luiz Inácio Lula da Silva stated he informed Daniel Vorcaro, owner of Banco Master, that a 'technical investigation' by the Central Bank would be conducted against his bank without political bias during a meeting in December 2024.
Lula praises Galípolo but says he demands daily reductions in high interest rates
President Luiz Inácio Lula da Silva praised Central Bank president Gabriel Galípolo while also emphasizing the need for daily pressure to lower the current basic interest rate, which stands at 15% per year.
Lula wants to appoint a woman to the Central Bank board
Lula aims to appoint a woman to one of the two positions on the Central Bank board, contingent on finding a suitable candidate who agrees to the role.
BRB has until Friday to tell the Central Bank how it will restore at least R$ 5 billion in its balance sheet; understand
The Banco de Brasília (BRB) must submit a plan to the Central Bank by Friday to reinforce its balance sheet by at least R$ 5 billion, aiming to ensure its market credibility.
Lula's government released the grip on Galípolo
The Lula administration has made two moves to distance itself from Central Bank President Gabriel Galípolo amid ongoing investigations into a fraud scheme involving Banco Master, which suggests possible involvement of politicians and high officials.
Master's Deposits at the Central Bank Were Less Than 1% of Required Amount on Liquidation Day
On its liquidation day in November 2025, Banco Master had only R$ 22.9 million in deposits at the Central Bank, which was less than 1% of the R$ 2.537 billion demanded by regulators from the conglomerate owned by Daniel Vorcaro.
Senator wants to bring Galípolo to a committee to explain the liquidation of Master
Senator Veneziano Vital do Rêgo has requested that Gabriel Galípolo, the head of the Central Bank, be invited to discuss the monetary authority's role in the liquidation of Banco Master, which was decreed by the Central Bank last year.
Market sees eventual indication of Mello for the Central Bank as a risk of political interference by the PT
The financial market is skeptical about economist Guilherme Mello's potential nomination to the Central Bank's board amid the Master bank scandal, viewing it as a risk of political interference from President Lula's government.
Understand what Fictor is, which tried to buy Master and is now seeking judicial recovery
The financial holding Fictor has filed for judicial recovery and is part of a conglomerate with $1 billion in various sectors, including food and energy, and was previously blocked by the Central Bank from acquiring Banco Master.
Investigation into a bank fraud: nearly one billion euros in assets seized in Brazil
Brazilian police have seized nearly one billion euros in assets as part of an investigation into what may be the country's largest bank fraud case, following the central bank's liquidation order for Banco Master.
Crédit Agricole exceeds 20% of Bpm. ECB approval received
Crédit Agricole has received the European Central Bank's permission to increase its stake in Banco Bpm to over 20%, as noted in their official statement.