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.
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.
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.
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).
'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.
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.
DF Chamber has already shelved seven impeachment requests against Ibaneis in 2026; two are still pending
The Legislative Chamber of the Federal District has shelved seven of the nine impeachment requests against Governor Ibaneis Rocha, while two remain under review.
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.
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.
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.
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.
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.
After breaking with Ibaneis, PL talks about establishing CPI of Master in the DF Chamber
The PL party has proposed a parliamentary inquiry to investigate operations between Banco Master and Banco de Brasília, following its split from the government of Ibaneis Rocha.
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.
Vorcaro's defense requests the Supreme Court that visits to the owner of Master not be recorded
Daniel Vorcaro's defense has requested that his visits while incarcerated not be monitored or recorded by the Federal Penitentiary in Brasília, emphasizing the need for confidential communication between lawyer and client.
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).
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.
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.
Aid to BRB: the best option is to place properties in a real estate investment fund, says bank president
The Legislative Chamber of the Federal District has approved a law to transfer nine public properties to the Bank of Brasília, and the bank president suggests creating a real estate investment fund for these assets.
Ibaneis dismisses appointees of base deputies who voted against the aid bill for BRB: 'Necessary actions were taken'
The Governor of the Federal District, Ibaneis Rocha, dismissed appointees from government-affiliated deputies who opposed a bill authorizing the transfer of public properties to the Bank of Brasília.
See how deputies voted on the bill that authorizes the use of public lands as collateral for BRB loans; text goes to sanction
The Legislative Chamber of the Federal District approved a bill allowing the use of public lands as collateral for loans from the Bank of Brasília.
DF Chamber approves Ibaneis' project to assist BRB after losses with Master
The Legislative Chamber of the Federal District approved a law to provide financial aid to the Bank of Brasília following its losses related to Banco Master.
DF Legislative Chamber authorizes government to use public lands as collateral for BRB loan
The Legislative Chamber of the Federal District has approved a law permitting the use of public land as collateral for a loan from the Bank of Brasília (BRB).
BRB Employees Send Messages to Deputies and Ask for Support for Project That Could 'Save' Bank
BRB employees are urging deputies for support on a legislative project to provide financial assistance to the troubled Bank of Brasília, amid increased pressure as the vote approaches.
After debates, DF Chamber is set to vote on bill that authorizes the use of public land as collateral for BRB loans
The Legislative Chamber of the Federal District is expected to vote on a bill allowing public land to be used as collateral for loans from the Bank of Brasília.
BRB bets on Flamengo's bank to generate revenue, says president to DF deputies
The president of BRB (Banco de Brasília) expressed confidence in the digital bank of Flamengo as a business opportunity to generate revenue, addressing the deputies of the Federal District.
Master Case: Damage caused to BRB estimated at R$ 8 billion, says president of public bank
The president of the Banco de Brasília announced that the financial damage from failed transactions with Bank Master is estimated at R$ 8 billion.
Meeting of the president of BRB with district representatives lasts over eight hours; deputies remain hesitant about the project to capitalize the bank
District deputies had an extended meeting with the president of the Bank of Brasília (BRB), discussing a controversial project that aims to capitalize the bank.
Liquidity is preserved, but BRB needs to increase capital to protect itself, says report
An internal report from the Bank of Brasília indicates that while the institution's liquidity is preserved, it is necessary to increase its capital to ensure protection.
Master Case: President of BRB Goes to the DF Chamber on Monday to Detail the Bank's Situation
Nelson Antônio de Souza, president of Brasília Bank (BRB), is set to present the bank's financial situation to local lawmakers following significant losses tied to suspicious transactions with Master Bank.
DF Chamber Study Indicates 'Dissipation of Public Assets' in Billion-Dollar Aid Project for BRB
A legislative consultancy in Brazil warns of potential public asset dissipation due to a billion-dollar loan proposal involving public properties as collateral for the Bank of Brasília.
TCU sets deadline for the Treasury and public banks to inform if they are considering 'federalizing' the BRB
The Brazilian Federal Court of Accounts has given a 15-day deadline for federal banks and the Ministry of Finance to disclose whether they have considered 'federalizing' the Bank of Brasília (BRB).
Judge says Vorcaro's fragmented stock purchase in BRB sought to 'hinder traceability'
A judge claims the method used by Daniel Vorcaro to purchase stocks in the Bank of Brasília was intended to obscure the source of funds.
With a low rating in fiscal management, DF will not have the Union's guarantee to take out a loan and reinforce BRB
The Federal District of Brazil is unable to secure a Union guarantee for potential loans to boost the Bank of Brasília due to a low payment capacity rating.
Sale, incorporation into assets, loan guarantee: know what BRB can do with the properties offered by Ibaneis
The government of the Federal District has proposed a law to transfer nine public properties to the Bank of Brasília to improve its financial situation after failed transactions.
R$ 1 billion deficit in the DF's treasury complicates assistance to BRB, and help from the Union seems unavoidable
The District Federal government ends 2025 with a R$ 1 billion deficit, complicating the assistance to the Bank of Brasília and likely necessitating federal aid.
BRB proposes a capital injection of up to R$ 8.86 billion for the bank after losses with Master
BRB has proposed a capital injection of up to R$ 8.86 billion for its shareholders following losses related to Banco Master.
BRB calls shareholders to vote on bank capital increase on March 18
The BRB (Bank of Brasília) has summoned its shareholders for a special assembly on March 18 to vote on a proposed capital increase, which hinges on the approval of a law project by the local government.