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4 results for “Banco de Brasília (BRB)”

Supreme Court Intervenes in R$6.6 Billion Brazil State Bank Bailout Amid Massive Fraud Scandal
PROPolitics• Aug 20

Supreme Court Intervenes in R$6.6 Billion Brazil State Bank Bailout Amid Massive Fraud Scandal

STF Minister Luiz Fux is mediating a rescue plan for state-owned Banco de Brasília (BRB) after its exposure to the Banco Master fraud.

Brazil’s Supreme Court Mediates R$6.6 Billion Rescue Loan to Avert State Bank Liquidation
PROMarkets• Aug 13

Brazil’s Supreme Court Mediates R$6.6 Billion Rescue Loan to Avert State Bank Liquidation

Brazil's STF is mediating a R$6.6 billion loan from the FGC to state-owned Banco de Brasília (BRB) amid a transparency crisis.

BRB Confirms Capitalization Plan After R$8.8 Billion Loss Provision Linked to Banco Master Fraud Scandal
PROSmall Caps• Jul 30

BRB Confirms Capitalization Plan After R$8.8 Billion Loss Provision Linked to Banco Master Fraud Scandal

Banco de Brasília (BRB) is implementing capitalization measures to cover a large loss provision tied to R$12B in alleged fraud with Banco Master.

BRB Rescue Stalls Over Missing Financials and Guarantee Demands
Politics• Jul 28

BRB Rescue Stalls Over Missing Financials and Guarantee Demands

A stalled R$6.6 billion rescue for Banco de Brasília (BRB) over missing financial statements and guarantee disputes raises systemic risks for Brazilian assets.