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Banco Master Scandal

Brazil CPI Seeks Impeachment of Three Supreme Court Justices

Banco Master Scandal
CPI Crime Organizado: — The charges center on the Banco Master scandal: Toffoli sold a resort stake to a fund controlled by Daniel Vorcaro’s...

The Banco Master Scandal: Brazil’s Largest Bank Fraud Explained

Analysis
What happened at Banco Master? The full scandal: Daniel Vorcaro, R$41 billion fraud, Supreme Court ties, BTG rescue, and the 2026 fallout.

Brazil’s Banco Central Halts BRB-Banco Master Deal to Shield System from Hidden Risks

Banco Master Scandal
Brazil’s Central Bank stopped Banco de Brasília (BRB), a state-owned bank, from buying Banco Master, a risky private lender. n nBanco Master reported assets of R$63...

Brazil’s Banco Master Faces Breakup as Central Bank Weighs Risks

Banco Master Scandal
Brazil’s Central Bank is reviewing a deal that could dismantle Banco Master into several...

BTG Pactual Acquires R$1.5 Billion in Assets to Stabilize...

Banco Master Scandal
Brazilian investment bank BTG Pactual purchased R$1.5 billion ($266 million) in assets from Banco Master’s controlling shareholder Daniel Vorcaro,...

Public Meets Private: Brazil’s BRB Acquires Banco Master to Rival Giants

Banco Master Scandal
A top official announced on March 28, 2025, that Banco de Brasília (BRB) acquired 58% of Banco Master for R$ 2 billion ($351 million). n nPaulo...

Banco Master’s MAM Asset Takes Bold Step in Reviving Dia Brasil

MAM Asset Management has struck a game-changing deal to take over Dia Brasil from Spain's Grupo Dia. n nThe Brazilian supermarket...

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