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.
Justice determines seizure of BRB shares held by those involved in the Master case
The Brazilian Justice has ordered the blocking of shares of the BRB bank held by individuals implicated in the Master case involving fraudulent transactions.
Court blocks R$ 376.4 million in shares owned by Vorcaro and two other individuals investigated in BRB case
The Brasília Court has blocked R$ 376.4 million in shares belonging to Daniel Vorcaro and two others, linked to an investigation into fraud involving Banco de Brasília.
BRB wants to increase capital by R$ 8.8 billion and issue up to 1.67 billion shares to strengthen equity
The Banco de Brasília (BRB) plans to issue up to 1.67 billion shares to raise capital and strengthen its equity, with a minimum target of R$ 529 million and a maximum of R$ 8.86 billion.
BRB studies selling stakes in different subsidiaries as part of capitalization plan
BRB (Banco de Brasília) is considering selling minority stakes in its subsidiaries to raise funds due to financial issues following losses with Banco Master.
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.
Ibaneis is begging for help to save BRB
Governor Ibaneis Rocha of the MDB party is seeking assistance from President Lula's government to address the public bank BRB's involvement in a fraud scandal, amidst political hesitation regarding the bank's financial troubles.
District representatives call on the MP and government of DF to block Daniel Vorcaro from shareholder meeting of BRB
The PT bench in the DF Legislative Chamber is taking legal action to prevent Daniel Vorcaro from attending the upcoming BRB shareholder meeting due to concerns over his legitimacy in owning shares.
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.
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.
Chairman of Caixa's board says the bank is monitoring BRB's situation but denies negotiation
Rogério Ceron, the chairman of Caixa's board, stated that while the bank is observing the situation of BRB (Bank of Brasília) for potential business opportunities, there are currently no negotiations ongoing.
BRB Capital Group appoints Etimbuk Bassey as Chief Executive Officer to lead next phase of global expansion
BRB Capital Group has appointed Etimbuk Bassey as CEO to spearhead its global expansion efforts starting February 16, 2026.
Government project in the DF to strengthen BRB's assets faces resistance; district deputies threaten 'tough game'
District deputies in Brazil signal strong opposition to a government project aimed at strengthening the assets of the Brasília Bank (BRB) by transferring public properties.
DF government presents new project to try to rescue BRB, investigated in the Master case
The Federal District government has introduced a new project aimed at rescuing the Bank of Brasília, which is under investigation related to significant financial fraud.
BRB summons shareholders to vote on increasing the bank's share capital; the DF Chamber still needs to approve the measures
The Banco de Brasília (BRB) is convening a meeting for shareholders to vote on increasing its share capital, contingent on the approval of a legislative proposal involving the transfer of nine public properties.
DF Government Limits Credit Operations to R$ 6.6 Billion and Reduces Properties in Project to Assist BRB
The District Federal government has introduced a modified bill to assist the Bank of Brasília, capping credit operations at R$ 6.6 billion and reducing the number of properties involved in the proposal.
BRB needs up to R$ 6.6 billion in loans, says DF government offering lots as collateral
The government of the Federal District announced that the Bank of Brasília (BRB) may require R$ 6.6 billion in loans to cover financial losses and is proposing public properties as collateral for the loan.
Government of the DF will replace the project that offers 12 public properties as collateral for a loan from BRB
The government of the Federal District is set to present a revised bill that offers 12 public properties as collateral for a loan from the Bank of Brasília, excluding certain areas of a natural park from the proposal.
BRB and GDF do not know how much the 12 properties that may guarantee the bank loan are worth
The Bank of Brasília and the Federal District's Economic Secretariat are unable to provide the valuations of 12 public properties that could serve as collateral for a significant loan.
School Uniform Card can be withdrawn directly from BRB agencies
The School Uniform Card for public school students in Brazil can now be collected at agencies of the Banco de Brasília (BRB), with funds available for purchasing uniforms.
DF Chamber discusses project offering 12 public properties as collateral for BRB loan
The DF Chamber is set to discuss a bill that would allow the government to use 12 public properties as collateral for a billion-dollar loan from the Bank of Brasília.
Environmental protection area and local site in legal impasse are part of DF project to assist BRB
The government of the Federal District of Brazil has proposed a law to use public properties, including an environmental protection area, to help capitalize the Banco de Brasília.
Ibaneis' government in the DF admitted risks in the purchase of Master and defended the operation without prior audit
The government of Ibaneis Rocha in Brazil acknowledged the risks associated with the acquisition of most of Master bank by BRB but defended that the audit should occur only after the deal's validation.
DF government wants to use public properties as loan guarantees to save BRB, investigated in Master case
The government of the Federal District seeks to use public properties as collateral for loans to rescue the Brasília Bank, which is under investigation for fraudulent activities.
BRB Loan: DF Chamber Halts Government's Intent and Will Only Discuss the Text on Tuesday
The DF Chamber plans to only discuss the proposal on Tuesday, halting the government's expectation for a swift vote on the BRB loan agreement.
Billion-dollar loan from BRB: see where the 12 properties that the GDF wants to use as 'collateral' are located
The government of the Federal District has proposed offering 12 public properties as collateral for a billion-dollar loan from the Bank of Brasília (BRB).
Ibaneis faces resistance even from allies to approve aid to BRB
Governor Ibaneis Rocha encounters unprecedented resistance from both opposition and allied deputies in efforts to secure financial assistance for the Bank of Brasília.
See which properties the GDF wants to offer as collateral for the BRB's billion-dollar loan
The government of the Federal District plans to offer 12 public properties as collateral for a billion-dollar loan from the Bank of Brasília (BRB).
DF government offers 12 properties as collateral to save BRB in project sent to the Legislative Chamber
The Federal District government in Brazil has proposed using 12 properties as collateral to capitalize the Brasília Bank (BRB) following financial losses associated with the Master Bank.
DF Government wants to offer 12 public properties as collateral for BRB to secure loan
The District Federal government is preparing a bill to use 12 public properties as collateral for a billion-dollar loan from the Banco de Brasília (BRB).
Banco Master: CNJ demands explanations from the Paraíba Court of Justice about judicial deposits of R$ 2.6 billion to BRB
The National Justice Council (CNJ) has demanded that the Paraíba Court of Justice explain a judicial deposit of R$ 2.6 billion made to Banco BRB as part of an ongoing investigation.
CNJ demands explanations from TJ-MA regarding the transfer of R$ 2.8 billion in judicial deposits to BRB
The National Justice Council (CNJ) has ordered the Maranhão Court of Justice (TJ-MA) to explain the transfer of R$ 2.8 billion in judicial deposits to the Bank of Brasília (BRB).
Ibaneis says new testimony from former president of BRB does not affect candidacy
The former president of BRB, Paulo Henrique Costa, has requested to give new testimony to the Federal Police, but this has not shaken the candidacy of the Governor of the Federal District, Ibaneis Rocha.
Former BRB Director Called to Provide Clarifications in Internal Audit
Dario Oswaldo Garcia Júnior, the former Finance and Control Director of BRB, is set to provide information regarding frauds connected to Banco Master during an upcoming internal audit.
Former BRB President Requests to Testify Again in Master Case
Former BRB president Paulo Henrique Costa has reached out to the Federal Police expressing his wish to testify again regarding alleged fraud involving the Master and the public bank in the Federal District.
BRB announces resignation of advisors linked to Reag
BRB (Banco de Brasília) announced the resignation of two advisors whose appointments were linked to the Reag-managed fund Borneo, which is under liquidation.
The Master is Gone, the BRB Remains
The BRB, a bank owned by the Federal District government in Brazil, is one of the few surviving institutions from a tumultuous financial period characterized by the inefficiencies of state-run banks.
Federalization of BRB Begins to Be Discussed Among Bankers
The potential federalization of the BRB (Bank of Brasília) is being considered among bankers as a possible resolution for the state institution's crisis, although it is not the preferred option for the government of the Federal District.
FGC wants to share risk with banks in loan to BRB
The FGC aims to limit its liability in a loan to BRB to aid in the state bank's restructuring after significant losses from past operations.
Vorcaro's Hidden Participation in BRB Puts Former Bank Managers Under Investigation
An audit at the Bank of Brasília raises suspicions about former managers' involvement in a questionable financial operation linked to the Bank Master.
Treasury authorizes BRB to sell loan portfolios guaranteed by the Union
Brazil's National Treasury has allowed the Bank of Brasília to sell loan portfolios backed by Union guarantees to improve liquidity amid the organization's financial struggles.
Senate Commission Approves Invitations to Vorcaro and Lima, from Master, and Requests for Information from the Federal Police and BRB
The Senate's Economic Affairs Commission approved invitations for former banker Daniel Vorcaro and his former partner Augusto Lima to provide information regarding the liquidation of Banco Master.
Master Case: Senate committee approves meetings with the Federal Police, Central Bank, TCU, CVM, and former president of BRB
The Brazilian Senate's Committee on Economic Affairs approved invitations for various authorities to provide information regarding the Master Bank case.
Director of BRB Who Warned About Master's Liquidity Resigns
Jacques Maurício Ferreira Veloso de Melo resigns from his position as legal director of BRB amidst investigations into a failed purchase attempt of Banco Master.
Ibaneis fails to gather allied base to discuss BRB
The Governor of the Federal District, Ibaneis Rocha, canceled a planned dinner with local deputies over concerns that the meeting would lack sufficient attendance amid a banking scandal.
Legal Director of BRB Resigns Amid Master Case
The legal director of the Bank of Brasília (BRB), Jacques Veloso, has resigned amid ongoing investigations related to the Master Bank and its dealings with the district bank.
BRB's Legal Director Resigns
Jacques Maurício Ferreira Veloso de Melo has resigned as the legal director of the Banco de Brasília, effective next Saturday.
BRB negotiates with BTG and other private banks for sale of assets purchased from Master
BRB is negotiating the sale of credit portfolios from Banco Master to major private banks in Brazil, including BTG Pactual.