deposit insurance
3 stories related to this topic, newest first.
Substrate placeholder — needs reviewBrazil's FGC Refuses Loan to Banco de Brasilia Amid Financial Strain
Brazil'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 reviewBrazilian 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…
Substrate placeholder — needs reviewBrazil's FGC Supports BTG Pactual's Acquisition of Digimais Lender
Banco BTG Pactual has reached an agreement to acquire Digimais, a Brazilian digital lender facing financial difficulties. The Fundo Garantidor de Créditos (FGC), Brazil's deposit insurance fund, is providing support for the deal. This transaction aims to stabilize Digimais amid i…