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10 results for “state-owned bank”
Bolsonaro Economic Team Names Banco do Brasil as Key Privatization Target
Daniella Marques, a top economic advisor to presidential candidate Flávio Bolsonaro, cited Banco do Brasil as a potential privatization target.
Federal Police Detail R$7 Billion Fraud Scheme Involving Banco Master and State-Owned BRB
A massive alleged financial fraud at Banco Master, involving R$7 billion in fake payroll loans and exposure for a state bank, has ensnared a top Brazilian Senator.
Brazil’s State-Owned Banco do Brasil Commits to 30% Dividend Payout Ratio for 2026
Banco do Brasil, Brazil’s largest state-owned bank, announced a 30% dividend payout ratio for fiscal year 2026, confirming its commitment to exceed the legal minimum.
Federal Police Allege Banco Master Used 'Document Factory' in $1.4 Billion Payroll Loan Fraud
A massive financial scandal in Brazil centers on Banco Master and its owner, Daniel Vorcaro, with federal police finding evidence of a "document factory" used to create R$7.15 billion in fictitious loans that were later resold to a state-owned bank, sparking a judicial-political crisis.
Brazil’s Major Banks Partner to Tokenize Real Estate Credit on Blockchain
Brazil’s two largest state-owned banks and major credit cooperatives will use blockchain to overhaul the $63 billion real estate financing process.
Federal Police Probe Links More BRB Directors to Massive Banco Master Scandal
Federal Police in Brazil have widened their probe into the R$11.5 billion irregular acquisition of credit portfolios by state-owned Banco de Brasília.
Brazil Regulator CVM Targets State Bank CEO Over Stock Recommendation
Brazil's market regulator, the CVM, is pursuing action against Banco do Brasil's CEO, Tarciana Medeiros, for recommending its stock.
Brazil’s Central Bank Pressures State-Owned BRB Bank Over R$ 6.6 Billion Fraud Loss
Central Bank demands capital action from BRB after a massive fraud, while the political liability risks liquidation or privatization.
Brazilian Yield Hunt Turns to Industrial Small-Caps, Offering Double-Digit Payouts
A hunt for high dividend yields in Brazil is shifting from traditional state-owned banks and commodity firms to smaller industrial and construction companies.
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.