‘Master Loss’: what the bank collapse showed about the limits of FGC guarantees
A young woman in New York loses her investment in a collapsed Brazilian bank but recovers her funds through the credit guarantee fund, highlighting the challenges of financial investing for novices.
Court orders the blocking of R$ 3.7 million from the RN government and Natal city hall to guarantee surgeries for adolescents
A court in Rio Grande do Norte has ordered the freezing of R$ 3.7 million to fund scoliosis surgeries for adolescents due to delays in the public health system.
Guarantee Fund EAT-TMEDE: Renewal of the financing agreement between the Greek Development Bank and TMEDE
A new financing agreement has been signed between the Greek Development Bank and TMEDE to extend the operation of the Guarantee Fund until December 31, 2026.
Life Insurance, the Guarantee Fund for Customers Arrives: How Much Is It Worth and Who It Is Mandatory For
A new guarantee fund for life insurance customers in Italy is set to be established, as approved by the regulatory authority Ivass, and is part of the 2024 budget law pending technical proceedings before its implementation.
Major banks negotiate measures to increase the responsibility of smaller institutions after the Master crisis
Major Brazilian banks are seeking regulatory changes to hold smaller financial institutions accountable after the Master bank crisis led to significant financial losses and institutional failures.
FGC has already paid 84% of creditors of Banco Master, totaling R$ 37.2 billion
The Credit Guarantee Fund (FGC) has disbursed R$ 37.2 billion to creditors of Banco Master, accounting for 84% of total payments due.
FGC says Pleno bank has 160 thousand creditors with R$ 4.9 billion to receive in guarantees
The Credit Guarantee Fund (FGC) reported that Pleno bank has an estimated 160,000 creditors eligible for R$ 4.9 billion in guarantees following its extrajudicial liquidation.
On the guarantee fund and legal protection, the Council says no
The opposition councilors in Milan have presented a motion to the administration regarding blocked construction projects, but the majority has blocked it.
FGC brings forward payment of up to R$ 1,000 to creditors via the Will Bank app
The Credit Guarantee Fund (FGC) has announced an advance payment of guarantees to Will Bank creditors with up to R$ 1,000, allowing around 6 million clients to receive their funds through the bank's app.
Banco do Brasil will disburse over R$ 5 billion to replenish FGC, says CFO
Banco do Brasil is set to spend more than R$ 5 billion to replenish the Credit Guarantee Fund (FGC) following the Banco Master incident, according to the bank's CFO, Geovanne Tobias.
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.
BC has lessons to learn from the Master case, says regulatory director of the authority
The Central Bank of Brazil acknowledges the need for improvements following the Master bank case, particularly in the speed of investor reimbursements by the Deposit Guarantee Fund.
Central Bank to review FGC rules, says director
The Central Bank of Brazil plans to revise rules of the Credit Guarantee Fund (FGC) and introduce new regulations aimed at fraud prevention and title distribution, according to regulatory director Gilneu Vivan.
FGC reaches 89% reimbursement for Banco Master clients
The Credit Guarantee Fund (FGC) has reported that it has paid R$ 36 billion in guarantees to creditors of the Master conglomerate, equating to 89% of the total expected reimbursement, with around 628,000 beneficiaries receiving these payments.
Clients affected by Fictor create association to try to avoid a R$ 4 billion loss
Clients affected by Fictor's judicial recovery have formed an association in São Paulo to prevent an estimated R$ 4 billion loss that may impact over 13,000 contributors not covered by the Credit Guarantee Fund.
Credit Guarantee Fund estimates that it will pay 90% of Master clients by Friday (6)
The Credit Guarantee Fund expects to reimburse 90% of Master clients by the end of the week, beginning payouts to 800,000 creditors since January 19, with a total disbursement of around R$ 41 billion while warning against scams.
Reducing bank deposits at the Central Bank is an excellent solution for replenishing the FGC, says CEO of C6
Marcelo Kalim, CEO of C6 Bank, advocates for the release of part of the compulsory deposits held by banks to strengthen the Guarantee Fund for Securities (FGC), particularly those related to time deposits.
UniCredit and EIF unlock up to 890 million euros to accelerate the growth of small and medium-sized enterprises in Central and Eastern Europe, including Croatia
UniCredit and the European Investment Fund have signed a guarantee agreement to significantly boost support for small and medium-sized enterprises in Central and Eastern Europe during the FT CEE Forum in Vienna.