Finance Minister Haddad has proposed Guilherme Mello, Secretary of Economic Policy, for a Central Bank directorship, pending President Lula's confirmation and Senate approval.
Banco Master's rapid growth to R$40 billion highlights serious regulatory failures by Brazil's Central Bank under Roberto Campos Neto, raising systemic financial risks and exposing vulnerabilities to fraud and organized crime.
Daniel Vorcaro admits Banco Master’s business model was fully dependent on the Credit Guarantee Fund, leading to a liquidity crisis and Central Bank-ordered liquidation in 2025.
Brazil's Central Bank keeps the Selic rate steady at 15%, contrasting with global rate cuts and maintaining one of the highest real interest rates worldwide in 2025.
Abu Dhabi's Mubadala is negotiating to acquire Brazil's fintech Will Bank, now under Central Bank administration, with Mastercard and FGC involved in the deal to stabilize the troubled company.
Following the Banco Master investigation, Brazil intensifies financial oversight reforms and regulatory measures for politically exposed persons to ensure system stability and combat money laundering.
BRB Bank refutes claims of unauthorized transactions with Banco Master, affirming compliance with Central Bank regulations amid rejected acquisition plans.
The Central Bank of Brazil has released its monetary policy report, highlighting rising inflation and market reactions.
Interest rate decisions by the US and Brazil significantly impact financial markets and economic activity.