- Justice André Mendonça signed court documents authorizing a search.
- Justice André Mendonça authorized a probe into Banco Master.
Banco Master's failure triggers FGC loss in Brazil, with Bradesco and Itaú shouldering the bulk of the repair bill.
1 report, 1 independent
Updated Jul 14
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What happened
Banco Master's failure triggers FGC loss in Brazil, with Bradesco and Itaú shouldering the bulk of the repair bill.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Banco Master is tied to losses in Brazil, involving REAG Investimentos.Sub-event
- A former central banker assesses the failure of the financial system, specifically involving Banco Master in Brazil.Sub-event
Banco Master failure leads to financial losses and repair bills being distributed among major Brazilian banks.1 source
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The entities involved
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Banco Master
Brazilian financial institution
- Banco Master is under inquiry regarding financial crimes and money laundering, involving former controlling shareholder Daniel Vorcaro.
- Police investigation into bank fraud involving Banco Master and Daniel Vorcaro is underway, with messages flagged and testimony held in the chambers of Justice André Mendonça.
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Bradesco
Brazilian banking institution
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Itaú
municipality of Rio Grande do Norte state, Brazil
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