Brazil's Central Bank Liquidates Banco Master, Arrests Shareholder
Update: 2025-11-18
Description
Brazils central bank shuts down Banco Master, appoints liquidator amid fraud investigation. Finance Minister Haddad supports decision, police freeze $2.28 billion in assets. BRB, state-run bank, involved in loan portfolio sale, CEO suspended amid investigation. Central bank-appointed administrator to take over, FGC to reimburse eligible investors.
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