Banco Master Collapse Snares Brazil’s Political and Judicial Elite
TL;DR Summary
Banco Master, a mid-sized Brazilian bank, collapsed amid concerns its growth relied on unusually high-interest fixed-income bank-deposit certificates; as the liquidation drags on, the fallout has grown ugly, entangling politicians and judges in alleged fraud and mismanagement.
- The collapse of a Brazilian bank ensnares politicians and judges The Economist
- Brazil police target Rio pension fund in probe linked to Banco Master, sources say Reuters
- The Banco Master case: The $2 billion fraud probe that is shaking Brazil EL PAÍS English
- Reversal of Banco Master’s liquidation lacks support in Supreme Court Valor International
- Brazil’s Finance Chief Backs Central Bank Oversight of Investment Funds Bloomberg.com
Reading Insights
Total Reads
1
Unique Readers
15
Time Saved
6 min
vs 7 min read
Condensed
97%
1,317 → 37 words
Want the full story? Read the original article
Read on The Economist