Banco Master failure

Ópólitískur heimspekingur / Wikimedia (CC BY-SA 4.0)

Brazilian Banks Discuss Changes to Deposit Insurance Fund After Banco Master Failure

Brazilian banks are discussing potential adjustments to the Fundo Garantidor de Créditos (FGC), the country's deposit insurance fund, following the failure of Banco Master. The bank's collapse resulted in a 52 billion reais ($10.2 billion) depletion of the FGC's resources. This d…