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riotimesonline.comPaulo Henrique Costa, the former CEO of Banco de Brasilia, was arrested as investigations into the failed lender Banco Master expand. The arrest was reported by O Estado de S. Paulo.
Substrate placeholder — needs reviewBrazil's deposit insurance fund FGC is refusing to extend a loan to Banco de Brasilia until the bank quantifies its losses and specifies required capital. The decision stems from Banco de Brasilia's financial strain linked to its ties with Banco Master. This development highlight…
Substrate placeholder — needs reviewThe controlling shareholder of Banco de Brasilia announced that the lender received an offer of 15 billion reais ($3 billion) for assets obtained from Banco Master. This offer comes as the bank seeks additional capital to address financial shortfalls resulting from its transactio…