The expensive friends of Master
The article discusses the unknown financial consequences of the Master conglomerate's default, highlighting significant losses and political interference in the investigation.
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.
CVM creates group to analyze information about Banco Master, Reag and entities linked to the case
The Brazilian Securities and Exchange Commission (CVM) has established a working group to investigate information related to the Master conglomerate, Reag, and other associated entities following the liquidation of Banco Master amid ongoing fraud investigations.
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.
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.
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.
Who is the Fictor Group, conglomerate that requested judicial recovery after crisis linked to Banco Master
The Fictor Group has filed for judicial recovery following its unsuccessful attempt to acquire Banco Master, shortly before the bank was liquidated amid financial scandal.